Bitcoin appears ready for a temporary pullback before another major move toward a new all-time high. This short setup targets a 0.382 Fibonacci retracement and offers a 2.6:1 risk-reward ratio —
Entry at $106,490
Stop Loss at $109,814
Target at $97,700
This is for educational purposes only.
Entry at $106,490
Stop Loss at $109,814
Target at $97,700
This is for educational purposes only.
Trade active
You can take partial profits at 103,000 and set the stop loss for the remaining position at breakeven. The monthly candle is about to close hopefully above 103,000 to maintain the bullish sentiment.
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.
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.