Short

Hero Call #1 BTCUSD

Updated

After Multiple massive volume spikes its a good risk/reward to take to short here in my opinion

The doji candle gives a stop loss and hope the high of it doesnt break.

Note

First partial profit can be taken at 9231 (support area)

Note

and partial profit taken

Note

tradingview data is not showing all data points -

9231 was hit and we are adding at 10400 to the short

Note

time to add to the short here:

and now we try to close it at 8131 - but will monitor current low of 9000

Note

time to close some of the short again here - support seems to hold on lower TF

will rethink later about adding or closing fully

Stop loss moved to breakeven slight profit

Note

let's hedge the short with a long here and see how much higher it goes - short position untouched due to nice entry

Note

partial profit on the long @9800 and convert to trailing stop

Note

long hedge fully closed

Note

and lets add the the short again here for 8130 should be the last trade for this idea

Trade closed manually

Mayvune

Related publications

LTCUSD3M - Hero Call v2.

by Mayvune

Herocall: BTCUSD short against the trend

by Mayvune

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.