outfodamilli

Possible short on intra-day structure failure for consolidation

Short
COINBASE:BTCUSD   Bitcoin
Short-term short
Looking for 2:1 RR
Price should consolidate to the Light Blue SMMA and find support on the daily equilibrium Triangle that has formed.
We are in breakout mode from here so we either see bullish continuation or this is a huge bull trap fakeout. Keeping stops tight
4hr RSI is super overbought so bullish entry above 9000 only likely after RSI cools a bit

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.