btc short from 57600 area
not that im bearish on bitcoin but there is lot of uncertainity and it would be like hedge against possible market correction generally 57500 is big reistance line then also from 2 recent drops there is matching fib resitance at 57600 also we have downward trendline in 4H chart
EVERYTHING COMES TOGETHER AT 57500 57600
SL option 1 supertight so 57800 option 2 58300 option 3 59300
target 51700 target 2 leave open close when back at entry if no then till 42K area
its like inssurance policy if you hold lot of alts and afraid of big market drop especially if you use tight SL potential loss is minimal VS potential savings gains
also need to watch price action if price comes quickly without significant corrections to this level then its even better signal if it comes to 57300 let say consolidates near there then be careful that I case i will not open short
EVERYTHING COMES TOGETHER AT 57500 57600
SL option 1 supertight so 57800 option 2 58300 option 3 59300
target 51700 target 2 leave open close when back at entry if no then till 42K area
its like inssurance policy if you hold lot of alts and afraid of big market drop especially if you use tight SL potential loss is minimal VS potential savings gains
also need to watch price action if price comes quickly without significant corrections to this level then its even better signal if it comes to 57300 let say consolidates near there then be careful that I case i will not open short
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