Shorting BTC on resistance retest. 4hr chart
Reason to short:
Resistance retested and ready to go down.
Strategy:
Risk/Reward Ratio = 2.13 or 5.72
Entry: around 10,325
Stop loss: 10,490
Target 1: 9,990
Target 2: 9,385
Trade safe!
Resistance retested and ready to go down.
Strategy:
Risk/Reward Ratio = 2.13 or 5.72
Entry: around 10,325
Stop loss: 10,490
Target 1: 9,990
Target 2: 9,385
Trade safe!
Note
Closed my position at 10,172 with 0.99 R/R profit. "Not good not terrible".Will stay on the sidelines for now.
Trade closed manually
Did not like double bottom rejection on 1 hr.
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Related publications
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.