Bitcoin / TetherUSShort
BTCUSDT Short
Updated
Bitcoin has been forming a rising flag for the past few days, reaching its new year high at 38800.
I am anticipating that the price will rebound from this HH, and the formation of the rising flag might be a strong indication of a bearish pullback.
My entry point for this trade is 38200, SL at 38600 and TP at 37600 as the R:R is 1:2.
Remember, only risk 1-2% of your account.
I am anticipating that the price will rebound from this HH, and the formation of the rising flag might be a strong indication of a bearish pullback.
My entry point for this trade is 38200, SL at 38600 and TP at 37600 as the R:R is 1:2.
Remember, only risk 1-2% of your account.
Order cancelled
This means that we have to change our entry point.
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