Possible rising wedge on XBTUSD - Potential Action
Sellng 7450 area with S/L near 7600
Great risk reward for me. Entry and stoploss provided on chart, target is the bottom of wedge.
Great risk reward for me. Entry and stoploss provided on chart, target is the bottom of wedge.
Note
Target for entry hit, trade engaged. S/L 7620 on Deribit PerpNote
Well in the money at this point. I am riding this trade with a stop loss at breakeven. Will reshort at 7800 if that occurs.Target is 5900
Note
6300 is an area of interest, however. if the price stalls there i will close it.
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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.