Hello all,
Just couple of hours ago the price has swirled down breaking the neckline of the H&S pattern on the 4H time frame.
Personally, I foresee a good short trade with high odds.
Good luck!
Please, like & subscribe if you liked this idea!
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers! :)
Just couple of hours ago the price has swirled down breaking the neckline of the H&S pattern on the 4H time frame.
Personally, I foresee a good short trade with high odds.
- Sell limit is on the retest of the neckline
- SL is above the neckline
- TP1 is around the 42,000 level
- TP2 is around the 41,000 structural support
Good luck!
Please, like & subscribe if you liked this idea!
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers! :)
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Related publications
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.