BTC two shorts plans
1D time frame
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BTC went through PRZ recently and broke the plan that shorted at 46k. Now, BTC is approaching the previous high at 48969, so we can set up other plans with sweet risk and reward ratio.
First plan is depended on the potential symmetrical structure (or double top), this plan would short at 48k~48.9k and target at 38.5k which is the neckline. Second one is set up with liquidation zone, that made from Fib 1.13 and target at 31.8k. Both strategies provide great RRR over 8.
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(1) Double top:
TP: 38500 (+21%)
SL: 49670 (-2.5%)
(2) Liquidation zone:
TP: 31800 (+37%)
SL: 53250 (-4.5%)
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BTC went through PRZ recently and broke the plan that shorted at 46k. Now, BTC is approaching the previous high at 48969, so we can set up other plans with sweet risk and reward ratio.
First plan is depended on the potential symmetrical structure (or double top), this plan would short at 48k~48.9k and target at 38.5k which is the neckline. Second one is set up with liquidation zone, that made from Fib 1.13 and target at 31.8k. Both strategies provide great RRR over 8.
-
(1) Double top:
TP: 38500 (+21%)
SL: 49670 (-2.5%)
(2) Liquidation zone:
TP: 31800 (+37%)
SL: 53250 (-4.5%)
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✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
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