Bitcoin Short Opportunity
According to my analysis, Bitcoin is in consolidation zone! but there maybe an opportunity for short as $48,000 is a strong resistance. Also, it tested more than 3 times and failed to break. In Binance, I can see huge buying pressure between $44,000-$42,000.
The targets should be:
1. 47,000
2. 46,000
3. 45,000
if it breaks 45,000
then,
4. 42,500
Close the trade....
Risk Management:
Stop Loss: 51,500
Risk to reward ratio:
1:<2
Do not trade with high leverage, Max 3X.
Good Luck guys! $$$
The targets should be:
1. 47,000
2. 46,000
3. 45,000
if it breaks 45,000
then,
4. 42,500
Close the trade....
Risk Management:
Stop Loss: 51,500
Risk to reward ratio:
1:<2
Do not trade with high leverage, Max 3X.
Good Luck guys! $$$
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