We have had one of the best rally with 
GMT for the past few weeks.
I think a lot of people will start taking profit. If BTC push to 49K or consolidate at current level, we might hit $1.14.
That area ($1.14~1.2) is going to be safe to short.
As for me, I personally executed a small amount of short position at $1.045 with a risk reward ratio of just 2.
As for entering LONG position, I would personally wait for a retest to $0.8 area.
GMT for the past few weeks.I think a lot of people will start taking profit. If BTC push to 49K or consolidate at current level, we might hit $1.14.
That area ($1.14~1.2) is going to be safe to short.
As for me, I personally executed a small amount of short position at $1.045 with a risk reward ratio of just 2.
As for entering LONG position, I would personally wait for a retest to $0.8 area.
Trade active
Trade closed: stop reached
Stoploss at entry hit at $1.1.
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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.