BTC Short
BTC is currently ranging between two 4H levels, Forming a symmetrical triangle.
Above price is a daily supply zone, 4H EQ & Multiple 4H supply zones.
A symmetrical triangle after a big run up is a bullish symbol. On the daily we're consolidating under resistance, which is also a bullish signal.
However, I'm happy to take a short from here, as it's a Region of maximum opportunity (ROMO)
Above price is a daily supply zone, 4H EQ & Multiple 4H supply zones.
A symmetrical triangle after a big run up is a bullish symbol. On the daily we're consolidating under resistance, which is also a bullish signal.
However, I'm happy to take a short from here, as it's a Region of maximum opportunity (ROMO)
Trade active
Entries picked up, SL Moved down. Risk Reduced to 3/4 of what I was willing to lose.
Trade closed: stop reached
Stopped out for the reduced Loss.
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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 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.