ALPHA - Short after FED meeting if rates will be rased by 0.75Right now market is still, waiting for FED meeting later today.
If rates will be raised by 0.5%, I'll expect some pullback for the market, but if we see 0.75%, it would be wise to look for shorts.
ALPHA is interesting because it's in the end of formation and can go either way, so I will choose direction after FED meeting.
Reasons to take short
⭐️ Bearish BTC
⭐️ Formation is seen on multiple timeframes
⭐️ Formation 6d old
⭐️ We are in the end of formation
⭐️ 4th touch
⭐️ We may see false breakout
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
