BTCUSDT has been on a WILD RIDE lately
We have formed a triangle after the recent uptrend, I think we are having a false breakout right now and we are gonna close below this triangle.
I'm mostly counting on massive selling pressure from the people that have been underwater for a while (those that bought at above 30K on the previous run.
Then some more consolidation before we can move in any direction with some conviction.
This is a SHORT TERM SHORT, meaning I don't plan to hold this for much longer, just catch most of the move down...
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL A TRADER CAN HAVE
We have formed a triangle after the recent uptrend, I think we are having a false breakout right now and we are gonna close below this triangle.
I'm mostly counting on massive selling pressure from the people that have been underwater for a while (those that bought at above 30K on the previous run.
Then some more consolidation before we can move in any direction with some conviction.
This is a SHORT TERM SHORT, meaning I don't plan to hold this for much longer, just catch most of the move down...
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL A TRADER CAN HAVE
Trade closed: stop reached
That went way up!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.