Just opened a bitcoin short.
Ultimate target is 45k but for this trade am going to target $54000 to take 50% partial at 3RR, then leave the rest to run to $51350 area.
Of course given new data I'll adjust accordingly.
Also for $54000 targets it's not set or fixed. I'll watch closely and manually take profit. If momentum is strong Might push past 54000 quickly down to next targets. But hard close at $51350 to secure profit and wait again for correction before more downside.
Whales are still selling.
Trade is active. Am already in trade
Ultimate target is 45k but for this trade am going to target $54000 to take 50% partial at 3RR, then leave the rest to run to $51350 area.
Of course given new data I'll adjust accordingly.
Also for $54000 targets it's not set or fixed. I'll watch closely and manually take profit. If momentum is strong Might push past 54000 quickly down to next targets. But hard close at $51350 to secure profit and wait again for correction before more downside.
Whales are still selling.
Trade is active. Am already in trade
Note
Quick update:54k tp on my chart is just potential take profit, I don't have it set. I'll take partial manually if needed.
Main area I would like to take some profit is $51350 area,I'll look to take profit manually based on price momentum. So I only have alerts set no fix tp.
If the market is not at 54k by tonight before bedtime I'll update and set limit take profit orders.
Roughly 20% drop to 45k...ouch
Trade closed: stop reached
Stoploss got hit. Structure shifted back bullish on the 1hr. If starts to break back down later on I'll look for re-entry given it aligns with trade plan.
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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.