BTCUSD Next Stop Lower
Prices do not always head straight up or straight down. Sometimes there are pullbacks in prices while on the way down or on the way up. For beginners and intermediates look at the chart for the pullbacks that occurred during this short decline. You can see where price comes down and then lifts to form each pullback. If there is another pullback to the next move down a short could be considered at the area of the pullback. Before initiating this trade do your homework. Other traders will take short positions from here rather that wait for a pullback. The choice is yours.
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.