I feel like we really need to close above the Daily 21 EMA ($8200) to stay bullish
if not we could be a head and shoulders formation.
I'm currently biased to short and will be opening up a short position on BitMex
Buy @ $8175 - 8250
Stop @ $8270 - 8350
Target @ $7470 Target 2 - 6800
5x Leverage
at $8050 move stop top $8100 for a risk-free trade
if we fall thru with a closed candle on the Daily see a below $7470, I then will be looking to $6800 mark.
if not we could be a head and shoulders formation.
I'm currently biased to short and will be opening up a short position on BitMex
Buy @ $8175 - 8250
Stop @ $8270 - 8350
Target @ $7470 Target 2 - 6800
5x Leverage
at $8050 move stop top $8100 for a risk-free trade
if we fall thru with a closed candle on the Daily see a below $7470, I then will be looking to $6800 mark.
Trade closed: stop reached
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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.