BTC on a potential major trend reversal
BTC on the 4h timeframe is testing a resistance area.
The price vacuumed towards the resistance area and that will entice buyers to take profits
How can we approach this scenario?
We will immediately short BTC at the top of the resistance level. I'll be putting the SL at the swing high targeting .5 of the range. As soon as a breakout to the downside prints, I will look to move down the SL for a better RR.
The price vacuumed towards the resistance area and that will entice buyers to take profits
How can we approach this scenario?
We will immediately short BTC at the top of the resistance level. I'll be putting the SL at the swing high targeting .5 of the range. As soon as a breakout to the downside prints, I will look to move down the SL for a better RR.