Potential Bearish entry BTC
Based on the current market view, we have been in a sidemarket channel for the last week.
We can see that the channel was made from 41.000 as a top and 39000 as a bottom.
By using these values and taking a look at the same time on the ATR and implied volatility, we can with certain degree estimate the next movement of this asset.
This is a 1:2 Risk/reward ratio short entry
Key points :
Stop loss : 41500
Take profit : 39200
We can see that the channel was made from 41.000 as a top and 39000 as a bottom.
By using these values and taking a look at the same time on the ATR and implied volatility, we can with certain degree estimate the next movement of this asset.
This is a 1:2 Risk/reward ratio short entry
Key points :
Stop loss : 41500
Take profit : 39200
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🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
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