Pair: BTCUSDT
Timeframe: H4
Direction: Short
Technical Confluences for Trade:
- Stochastic momentum is close to Overbought Conditions
- Price action close to few Horizontal and Resistance Trendlines
- Aiming for the 1st 23.6% Fibo Retracement
Fundamental Confluences for Trade:
- There is a large diversion between the positioning of Long-Term & Short-Term Participants in the futures space. A squeeze may happen.
Suggested Trade:
Entry @ Area of Interest 70,700 - 71,200
SL @ 72,685
TP 1 @ 68,600 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 65,700
Risk-to-Reward @ Approx. 3.19(Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Timeframe: H4
Direction: Short
Technical Confluences for Trade:
- Stochastic momentum is close to Overbought Conditions
- Price action close to few Horizontal and Resistance Trendlines
- Aiming for the 1st 23.6% Fibo Retracement
Fundamental Confluences for Trade:
- There is a large diversion between the positioning of Long-Term & Short-Term Participants in the futures space. A squeeze may happen.
Suggested Trade:
Entry @ Area of Interest 70,700 - 71,200
SL @ 72,685
TP 1 @ 68,600 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 65,700
Risk-to-Reward @ Approx. 3.19(Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Trade closed: target reached
Market riots from the Israel-Iran concerns. Hopefully, war doesn't break out.Targets Achieved.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.