I'm shorting BTC here for a scalp. I don't like the failed attempt to break the 20 EMA on the 1 hour and we are looking really weak on volume. My entry is 6338 x25. I will take a SL if I see a 1 hour candle close above the 20 EMA. Stoch RSI is high but every other timeframe is very low and ready for a bounce. Either way it goes this should be a quick trade.
Trade closed: target reached:
CLosing this in profit.
Comment:
Wow turns out I closed this just in time. I opened a long at 6415 and closed it around 6550 now. Going to observe the rest of the day probably.