Short

BTC - plan ahead. Current major supports and resistances

Updated

Here is my chart for BTC. We are currently in a range (RH, RM and RL) with support and resistances confirmed by weekly candles.
I have taken a short position at 8512 right now. Targeting 8268 and 8168.

Note

Position from 8,510, apologies for the typo.

Note

Target 1 hit +2.6R and +4.5% profit.
Moved stop loss on the rest of position to break even.

Trade closed: target reached

Closed rest of my short position at 8,313 +2.4R and 4% profit.

Reason: dont like bullish SFP on LTF and 1hr candle closed above monthly open. My priority is to preserve the capital.

Daily outcome: +2.5R and +8% BTC profit.

TheDinoChart

Also on:

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.