According to my analysis, Bitcoin is in consolidation zone! but there maybe an opportunity for short as $48,000 is a strong resistance. Also, it tested more than 3 times and failed to break. In Binance, I can see huge buying pressure between $44,000-$42,000.
The targets should be:
1. 47,000
2. 46,000
3. 45,000
if it breaks 45,000
then,
4. 42,500
Close the trade....
Risk Management:
Stop Loss: 51,500
Risk to reward ratio:
1:<2
Do not trade with high leverage, Max 3X.
Good Luck guys! $$$
The targets should be:
1. 47,000
2. 46,000
3. 45,000
if it breaks 45,000
then,
4. 42,500
Close the trade....
Risk Management:
Stop Loss: 51,500
Risk to reward ratio:
1:<2
Do not trade with high leverage, Max 3X.
Good Luck guys! $$$
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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.