We are under trendline/outside triangle ....
I expect a drop to 4.4k
Fib 0.786 is @ 4313
Before move up we need to go down. I expect a liquidation of longs @ 4.400 / 4.300 area and then we move up to 8k - 11k
I will initiate a long:
Bitmex
3x
buy @ 4400
TP 1 @7700
TP 2 @ 8000
TP 3 @ open for 11k
SL : @ 4000
With this setup, we can lose 30% or we can win 245%
Stay safe!
PS. This is just my opinion, I am not a financial advisor!
I expect a drop to 4.4k
Fib 0.786 is @ 4313
Before move up we need to go down. I expect a liquidation of longs @ 4.400 / 4.300 area and then we move up to 8k - 11k
I will initiate a long:
Bitmex
3x
buy @ 4400
TP 1 @7700
TP 2 @ 8000
TP 3 @ open for 11k
SL : @ 4000
With this setup, we can lose 30% or we can win 245%
Stay safe!
PS. This is just my opinion, I am not a financial advisor!
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.
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.