BTCUSDT has been in a tightening range for too long! As we have seen in the past, the longer BTCUSDT stays in a tight range, the more explosive the move. Our indicator printed a short, and has us in a comfortable position with a nice R:R.
My gut tells me that the break will happen real soon and when it does, prepare for a $1000+ candle.
Position:
Short - $9,319.72
Stop - $9,580
1st Target - $8,590 (Taking half off and letting the rest ride)
Let's see how this plays out!
Happy trading and stay protective.
Lucron
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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.