BTCUSD(4H) Short TP 7768, SL 9300, R/R 5.26
Currently Bitcoin broke the trend line from march 12th low and is headed towards 7768 which would act as a support. To confirm our trade we can look at EMAs and RSI.
Currently 20EMA is above 10EMA which indicates bearish trend
and RSI is below 50 range which is used to confirm the short bias.
We'll place our stopless at 9300.
Currently 20EMA is above 10EMA which indicates bearish trend
and RSI is below 50 range which is used to confirm the short bias.
We'll place our stopless at 9300.
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