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Strategy:
BTC Short to $7.2K
This idea is valid after a 4H or higher candle closure below 7750 and/or the blue box of peace and prosperity.
This paper trade idea idea is to short from resistance (the blue box around 7750) to support (two blue boxes below the 7750 support).
We have some support around $7.5K, but stronger support in the low $7K area.
One might consider closing out the trade to lock-in profits if the Bears do not show strength around the $7.5K support area.
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Entry Zone: 7763.5-7649
T1: 7585
T2: 7509
T3: 7350
T4: 7300
T5: 7200
Stop: 7940.5
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R:R: 2.1
Risk: 3.1%
Reward: 6.52%
Leverage: 5X
Leveraged Risk: 15.5%
Leveraged Reward: 32.6%
---
Disclaimer:
This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
---
Strategy:
BTC Short to $7.2K
This idea is valid after a 4H or higher candle closure below 7750 and/or the blue box of peace and prosperity.
This paper trade idea idea is to short from resistance (the blue box around 7750) to support (two blue boxes below the 7750 support).
We have some support around $7.5K, but stronger support in the low $7K area.
One might consider closing out the trade to lock-in profits if the Bears do not show strength around the $7.5K support area.
---
Entry Zone: 7763.5-7649
T1: 7585
T2: 7509
T3: 7350
T4: 7300
T5: 7200
Stop: 7940.5
--
R:R: 2.1
Risk: 3.1%
Reward: 6.52%
Leverage: 5X
Leveraged Risk: 15.5%
Leveraged Reward: 32.6%
---
Disclaimer:
This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
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T1: 7585 - HIT - 7.85% Gain
T2: 7509 - HIT - 13% Gain
T3: 7350 - HIT - 23% Gain
T4: 7300 - HIT - 26.5% Gain
T5: 7200 - HIT - 33% Gain