Price broke out of the channel and have now retested the channel support turn resistance.
Good risk reward here for a short with SL slightly above 3800 and profit just before the 3K mark.
Resaon for entry: Price retest support turn resistance with a high wick test of 3800
Entry: Next bar market after the lower low lower close candle
Entry: $3635
SL: $3805
TP: $3050
R/R: 3.3
Good risk reward here for a short with SL slightly above 3800 and profit just before the 3K mark.
Resaon for entry: Price retest support turn resistance with a high wick test of 3800
Entry: Next bar market after the lower low lower close candle
Entry: $3635
SL: $3805
TP: $3050
R/R: 3.3
Trade active
BTC on the 4 hour, freaky fractals
Trade closed: stop reached
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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.