Parsing a position, I close the long and open a short position
Hello dear friends.
At this time, assessing the situation with Bitcoin, we can say that the resistance level at this mark as - 37300-37700 - is very strong, but the level is pushed up.
We also have a rising wedge, at 1h TF, which in 93% is punched to the bottom + weakens the volume.
Which means that soon the price will be pushed down.
Therefore, I close our long position at 37600, take 1000 profit pips, and open a short position from that 37550-37650 level.
Short: 37650
Target: 36300 - 35220 - 34560 - 31970
Stop loss: 38500
I allocate 2 percent for this trade with a maximum leverage of x3. (Not more)
If we take into account this situation in the direction of a long position, then only if the level of 38150 is broken through at 1 hour of TF.
This will mean that the price will return to values of 40,000 and above.
At this time, assessing the situation with Bitcoin, we can say that the resistance level at this mark as - 37300-37700 - is very strong, but the level is pushed up.
We also have a rising wedge, at 1h TF, which in 93% is punched to the bottom + weakens the volume.
Which means that soon the price will be pushed down.
Therefore, I close our long position at 37600, take 1000 profit pips, and open a short position from that 37550-37650 level.
Short: 37650
Target: 36300 - 35220 - 34560 - 31970
Stop loss: 38500
I allocate 2 percent for this trade with a maximum leverage of x3. (Not more)
If we take into account this situation in the direction of a long position, then only if the level of 38150 is broken through at 1 hour of TF.
This will mean that the price will return to values of 40,000 and above.
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