My Bitcoin Short trade setup
Updated
Bitcoin has had some recent nice moves the past few days, breaking out of the downtrend that started last Novemeber.
This brought some much needed relief to the crypto market after 2 months of correction.
That being said, there is major resistance at 44500 that I don't see BTC getting by right now. I believe we will see a pullback to 38k to 40k range providing a perfect short opportunity.
Short 10x
Entry price: 44100
T1: 42100
T2: 40100
T3: 38100
Stop: 4hr candle close at or above 46000
This brought some much needed relief to the crypto market after 2 months of correction.
That being said, there is major resistance at 44500 that I don't see BTC getting by right now. I believe we will see a pullback to 38k to 40k range providing a perfect short opportunity.
Short 10x
Entry price: 44100
T1: 42100
T2: 40100
T3: 38100
Stop: 4hr candle close at or above 46000
Trade active
Target 1 hit today and I sold 40% of my position for 45% profit.I have moved my trade stop to my entry price of 44.1k
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