BTC Short Idea
Updated
BTCUSD, 1d chart
- Weekly stochastic is not completely in the oversold territory, so we could expect a slight move up
- - there is a liquidity zone around 49.2K - 50K which could be the next target
- If that are will not be breached up side, and we see a price rejection we could expect a move downside
- with a tight stop loss above 51.6K (previous liquidity zone's high) we could get a generous risk/reward of 3:1
Note
Update with short position.
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