BTC Short
Updated
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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