This is a short position set up with estimated profit of at least 20% x Leverage.
Purple Box: The possible areas of BTC to hit once it able to tap on $8200 and hold above.
Black Line: The major resistance of BTC which is at $7700 with previous wicks, . Thats the reason of the big barrier to break through.
Set Up ( Short Position )
Entry Prices: $8200-$7700 OR $8800-$8600 ( If the demand of this period will be exceedingly higher than I have expected )
Take Profit: $6200-$5800
Stop Loss: $9000 or Above ( It will be great to avoid any with wicks )
Enjoy the trade and All The Best. Let me know what do you think if you have any opinion.