BTC/USDT Counter Trend Trade
Updated
Trade Type: Cross 3x/Spot
Direction: Sell
Entry: 62.5k - 63k
TP: 57.5k
SL:
64K
Time Chart: 4hr
Reasoning: BTC is looking like it will take a correction after a breakout to its recent ATHs. I have a feeling it could test the 200 EMA levels before pushing back up again.
Direction: Sell
Entry: 62.5k - 63k
TP: 57.5k
SL:
64KTime Chart: 4hr
Reasoning: BTC is looking like it will take a correction after a breakout to its recent ATHs. I have a feeling it could test the 200 EMA levels before pushing back up again.
Note
New TP levels:TP1: 61k (50 EMA)
TP2:
59K (100 EMA)TP3: 57.5k (200 EMA)
These reflect the different EMA levels the price could test before pushing back up.
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