BITCOIN: Shorting before a possible breakdown
Updated
BTCUSDT in the 1HR has pierced above the 180 EMA, I believe a rejection will be coming soon pushing us back below it.
Price will probably go back into the area of 33K to 32K, as we continue the build-up against support, before a possible breakdown.
Based on my analysis on previous ideas (Linked below).
I'm opening a short at 35.174 with a STOP LOSS at 35350.
Let's see how this plays out.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Price will probably go back into the area of 33K to 32K, as we continue the build-up against support, before a possible breakdown.
Based on my analysis on previous ideas (Linked below).
I'm opening a short at 35.174 with a STOP LOSS at 35350.
Let's see how this plays out.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Note
We are at support and forming a build-up. BTCUSDT can still attempt a PUMP from here so be careful while shorting.
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