Bitcoin
Short
Updated

BTC - plan ahead. Current major supports and resistances

Here is my chart for BTC. We are currently in a range (RH, RM and RL) with support and resistances confirmed by weekly candles.
I have taken a short position at 8512 right now. Targeting 8268 and 8168.
Note
Position from 8,510, apologies for the typo.
Note
Target 1 hit +2.6R and +4.5% profit.
Moved stop loss on the rest of position to break even.
Trade closed: target reached
Closed rest of my short position at 8,313 +2.4R and 4% profit.

Reason: dont like bullish SFP on LTF and 1hr candle closed above monthly open. My priority is to preserve the capital.

Daily outcome: +2.5R and +8% BTC profit.

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