BTC/USD Could Run Out of it Steam
Updated
In a post, I made a few days ago, the setup I made got stopped out as the price hit 8900ish.
Congrats for the risk-taker who entered both at 9090ish and 9000ish the price as reached 9250, 60% profit made in this short-term setup.
Pitcure Link(BTC Bid/Ask Sum): https://ibb.co/J783zTP
If you open the link I sent, you could see that we are currently low on demand for BTC/USD and the offer for BTC/USD is high, hence I believe now is the time for short, and we could set our SL around 9300ish area, and TP around 9000ish.
Conservative Setup: E:9250ish SL: 9323ish TP1:9150(60%) TP2:9000(40%)
Share your idea on the comment section below, like this post for more post like this.
Congrats for the risk-taker who entered both at 9090ish and 9000ish the price as reached 9250, 60% profit made in this short-term setup.
Pitcure Link(BTC Bid/Ask Sum): https://ibb.co/J783zTP
If you open the link I sent, you could see that we are currently low on demand for BTC/USD and the offer for BTC/USD is high, hence I believe now is the time for short, and we could set our SL around 9300ish area, and TP around 9000ish.
Conservative Setup: E:9250ish SL: 9323ish TP1:9150(60%) TP2:9000(40%)
Share your idea on the comment section below, like this post for more post like this.
Note
The setup I make has hit the initial SL, but I am still bearish on BTC. Hence I entered short again. Note
Trade closed manually
Concluded this trade set up with 36% profit after losing 20% in the initial setup
How the trade was executed
Leverage:25x
1. E1:9250 SL:9323
stoped out and lose 20% from margin
2. Re-entry on 9431.93 SL: 9481
TP1: 9266 (60%) TP2: 9151.2 (40%)
Gaining 56% profit from Margin
For anyone following this trade setup if you have re-entered on 9450ish, congrats you have gained another profit.
Cheers
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