Bitcoin better risk to reward for going short here
Updated
Every time that price has hit the top the volume is getting lower and the high of the candle is lower too. this is not a good sign for breaking the resistance. On the other hand, the size of rejection after touching the resistance is getting lower and lower and that is a good sign for going up.
If 25.2K is broken then it can go up to 28K; but at this moment as the price cannot push up with enough power, going short has a better risk to reward with a small stop loss.
Targets on the chart.
Would be glad to hear your opinion.
If 25.2K is broken then it can go up to 28K; but at this moment as the price cannot push up with enough power, going short has a better risk to reward with a small stop loss.
Targets on the chart.
Would be glad to hear your opinion.
Trade closed: target reached
nfa & dyor
Invest Smart!
Invest Smart!
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