Please leave a like if you find value in this post. It is a really quick and effective way to show your support! Thank you and have a great day!
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This idea is valid after a 2H, 4H, or 12H closure below 7550. This paper trade idea idea is to short from resistance (the blue box around 7550) to support (the next blue box). We have some support around $7.5K, but stronger support in the low $7K area. One might consider closing out the trade to lock-in profits if the Bears do not show strength around the $7.5K support area.
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Entry Zone: 7980-7795.5
T1: 7575
T2: 7550
T3: 7450
T4: 7330
T5: 7168.5
Stop: 7979
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R:R: 2.2
Risk: 3.27%
Reward: 7.22%
Leverage: 5X
Leveraged Risk: 16.35%
Leveraged Reward: 36.1%
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Disclaimer:
This is not financial advice. I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
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This idea is valid after a 2H, 4H, or 12H closure below 7550. This paper trade idea idea is to short from resistance (the blue box around 7550) to support (the next blue box). We have some support around $7.5K, but stronger support in the low $7K area. One might consider closing out the trade to lock-in profits if the Bears do not show strength around the $7.5K support area.
---
Entry Zone: 7980-7795.5
T1: 7575
T2: 7550
T3: 7450
T4: 7330
T5: 7168.5
Stop: 7979
--
R:R: 2.2
Risk: 3.27%
Reward: 7.22%
Leverage: 5X
Leveraged Risk: 16.35%
Leveraged Reward: 36.1%
---
Disclaimer:
This is not financial advice. I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Note
We just closed a 2H candle below the support box, which may not act as resistance. Waiting for a higher time frame candle close/re-test of the prior support box will ensure a higher probability for success.Note
This trade idea is about ready for entry if we close this 4H candle below the blue box of peace and prosperity! Let's get this crypto!
Note
All targets HIT after waiting for a 4H close below the blue box of peace and prosperity! Let's get this crypto!
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.