XBT / USD Short
Updated
Short BTC position re opened at 3820.
Chart still looks to favour a downtrend. The volume for a bullish breakout is lacking and i believe we are going back down to trade within the range
Previous short was closed at a 2.6% profit. Looking to scalp short term again
ENTRY 3820
STOP 3855
EXIT 3650 ( i will consider exiting the trade at approximately 3750 depending on how the 1min 3min and 5min chart pans out + volume + BB )
R/R @ 3650 exit 5.4 R/R @ 3750 exit 2.16
Chart still looks to favour a downtrend. The volume for a bullish breakout is lacking and i believe we are going back down to trade within the range
Previous short was closed at a 2.6% profit. Looking to scalp short term again
ENTRY 3820
STOP 3855
EXIT 3650 ( i will consider exiting the trade at approximately 3750 depending on how the 1min 3min and 5min chart pans out + volume + BB )
R/R @ 3650 exit 5.4 R/R @ 3750 exit 2.16
Note
Stopped out at 3855. Will wait to see how the price acts at the resistance, if turned support potential opportunity for a long position
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