AlanSantana

πŸ…±οΈ Bitcoin 4X SHORT (151% Profits Potential)

Short
AlanSantana Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
βž– Last week Bitcoin produced what appears to be a bullish candlestick pattern, which is good. This week, a negation happens and prices move to trade and close below EMA10.

βž– The rejection (bearish close) right after the recovery (bullish close) results in a "failed signal," these failed signals are stronger than a common signal.

βž– Bearish volume rose to hit its highest level in March 2024 since June 2022. Indicating that the bears are now in the game.

βž– Bullish momentum died down and we have the main signal just mentioned above. Based on these technicals, we can open SHORT.

Remember that this is for experienced traders only.
Beginners can try spot trading first and after being successful for 1-2 years try leverage, margin and the rest.

Full numbers below...
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SHORT BTCUSDT

Leverage: 4X

Buy-in: $63,500 - $60,000

Targets:

1) $57,000
2) $52,000
3) $46.000
4) $43,500
5) $37,850

Stop-loss: Close weekly above $64,000

Potential profits: 151%

Capital allocation: 3%
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This is not financial advice.
All the information is intended for learning purposes and for illustration only.

You should do your own research before deciding to trade.

Thanks again for your continued support.
Thank you for reading.

Namaste.
Trade active
Trade active:
We continue active.
Feel free to double down.

βž– Once the move is confirmed, lev. can be increased.
βž– If a lower high is confirmed, lev. can be increased.
βž– If a support level breaks, lev. can be increased. Etc.

This is a high probability trade setup.
Comment:
SHORTs being liquidated is a bearish signal.
Hold tight!
Trade active:
Double-down. (Bitcoin going down!)
We keep the position long-term and always active below 70K.

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