BTC Short 28K
Short Idea.
BTC has been in a daily uptrend since the beginning of 2023, and has built a distribution > 27K. To note, there are 3 distributions visible on the chart, indicating values has been built at these areas. Price seems to have slowed down in this top distribution, and R:R feels skewed downside.
Price is currently right in the middle of the top distribution, and I think price has stalled in this top distribution. Potential to start cleaning up the single prints below 27K - 25K.
Short targets: 28.2K / 28.6K
Profit targets: 27K / 26.5K / 25.5K
Trade is invalidated > 28.6K.
BTC has been in a daily uptrend since the beginning of 2023, and has built a distribution > 27K. To note, there are 3 distributions visible on the chart, indicating values has been built at these areas. Price seems to have slowed down in this top distribution, and R:R feels skewed downside.
Price is currently right in the middle of the top distribution, and I think price has stalled in this top distribution. Potential to start cleaning up the single prints below 27K - 25K.
Short targets: 28.2K / 28.6K
Profit targets: 27K / 26.5K / 25.5K
Trade is invalidated > 28.6K.
Trade aktif
STO /MBTM23:XCME @28585.00SL 29000
Trading ditutup: stop tercapai
I'm out!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.