BTC - 11/08/2021
Updated
BTC/USDT
SHORT
Leverage 10x
Entry 47000 - 47500
Stop 48100
Targets 45200 - 43850 - 42450 - 41010 - 40450
I don't usually set this many TP's but I think we could see a huge rejection @ 48k, SHORT opportunity. You can see how I've drawn our what has so far been a repeat of July 26th to August 5th. Given the strength in BTC recently, It would make sense to see a fakeout up to around 48k before it drops, should it follow the repeating pattern.
Risking 20% trade margin, it's worth it for IMO for 80% profits should all TP's be hit.
Move stops to BE as soon as TP1 is hit
SHORT
Leverage 10x
Entry 47000 - 47500
Stop 48100
Targets 45200 - 43850 - 42450 - 41010 - 40450
I don't usually set this many TP's but I think we could see a huge rejection @ 48k, SHORT opportunity. You can see how I've drawn our what has so far been a repeat of July 26th to August 5th. Given the strength in BTC recently, It would make sense to see a fakeout up to around 48k before it drops, should it follow the repeating pattern.
Risking 20% trade margin, it's worth it for IMO for 80% profits should all TP's be hit.
Move stops to BE as soon as TP1 is hit
Trade active
I adjusted my entry & LeverageLeverage 15x
Entry 46300
Same targets
Note
TP1 hitTrade closed: stop reached
BTC hit trailing SL after reaching TP1
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