Bitcoin has been moving within a parallel channel for a while, with many traders eagerly anticipating a push toward the $97,000 mark. However, this scenario is unlikely. Instead, Bitcoin is showing signs of losing momentum, setting the stage for a potential correction.
Given this setup, we maintain our short trade position. As always, proper risk management is essential—make sure to place your stop-loss (SL) and manage your entries wisely. A strategy of two or three entries can help secure a higher SL, reducing exposure to volatility.
Remember, this is not financial advice—always do your own research (DYOR) before making any trading decisions.
Given this setup, we maintain our short trade position. As always, proper risk management is essential—make sure to place your stop-loss (SL) and manage your entries wisely. A strategy of two or three entries can help secure a higher SL, reducing exposure to volatility.
Remember, this is not financial advice—always do your own research (DYOR) before making any trading decisions.
Trade active
Short the pull backs Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.