BTC 15m timeframe range possible short
Updated
Hey traders,
I believe the btc moves in a range in 15 min timeframe. Based on this, I am planning to take short position from the POC of the range. For those, who doesn't know what POC is, It is the price level where most trades happened (Point Of Control).
Besides that, as you can see from the CVD indicator, the volumes are decreasing. This shows us that people sell more than they buy.
Hence, I am going to execute trade as specified.
I believe the btc moves in a range in 15 min timeframe. Based on this, I am planning to take short position from the POC of the range. For those, who doesn't know what POC is, It is the price level where most trades happened (Point Of Control).
Besides that, as you can see from the CVD indicator, the volumes are decreasing. This shows us that people sell more than they buy.
Hence, I am going to execute trade as specified.
Trade active
I am inTrade closed manually
The 4 hour close is above POC. For those who don't want to risk, it would be better to close their positions. I will keep it since I have a room to take a little risk.
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