Taking a short trade for BTC here.
Just following the rejection from the key level. A risky trade, but worth taking the risk.
Entry Price: 63457
SL: 63563
TP1: 63307.82
TP2: 63205.55
TP3: 63105.40
TP4: 62890.94
Ideally, we should retest the other 15MIN Key Level at around 63279 and then bounce from there.
Plan is to move the SL to entry as soon as the TP1 hits and then let the trade play out.
Hopefully, it follows my thinking and we should have another green trade.
Good luck and happy trading!
Just following the rejection from the key level. A risky trade, but worth taking the risk.
Entry Price: 63457
SL: 63563
TP1: 63307.82
TP2: 63205.55
TP3: 63105.40
TP4: 62890.94
Ideally, we should retest the other 15MIN Key Level at around 63279 and then bounce from there.
Plan is to move the SL to entry as soon as the TP1 hits and then let the trade play out.
Hopefully, it follows my thinking and we should have another green trade.
Good luck and happy trading!
Note
Looks like it might invalidate my idea here and decide to pump from very close to TP1. All I can do is just watch my SL getting hit :) Oh well! Points for effort. (fingers crossed)
Trade closed manually
Getting out here at break even, because BTC seems to be flipping bullish at this point. Will plan a trade later.
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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.