As long as BCH remains under 291 we are looking for HL shorts
Updated
Disclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Bitcoin Cash looks weak here. We could be forming a giant bull flag that will take a while to break upwards but in the meantime we have broken 2 important weekly pivots so as long as we remain under 291 I'm looking for high leverage shorts. Price reacted to daily support area around 274-278 which is a good sign for bulls however I'm not confident enough to be looking for longs here because downward pressure is stronger right now. Therefore we wait for a retest of 291 or we short a retest of the 274 area should the price break down further.
Entry: 291 SL: 296 TP1: 275 TP2: 260 TP3: 244
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Bitcoin Cash looks weak here. We could be forming a giant bull flag that will take a while to break upwards but in the meantime we have broken 2 important weekly pivots so as long as we remain under 291 I'm looking for high leverage shorts. Price reacted to daily support area around 274-278 which is a good sign for bulls however I'm not confident enough to be looking for longs here because downward pressure is stronger right now. Therefore we wait for a retest of 291 or we short a retest of the 274 area should the price break down further.
Entry: 291 SL: 296 TP1: 275 TP2: 260 TP3: 244
Comment
Opened BCH short with SL 296
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