30mins Chart, BTC will most likely bound between the downwards channel.
Current SRSI is overbought and short at the upper edge of channel will have a bigger win rate.
Take profit at lower end of the channel, stop loss once it breaks the previous high around 7450.
This is my intra-day strategy to to "hedge" my BTC position, please trade based on your own analysis and risk preference.
Current SRSI is overbought and short at the upper edge of channel will have a bigger win rate.
Take profit at lower end of the channel, stop loss once it breaks the previous high around 7450.
This is my intra-day strategy to to "hedge" my BTC position, please trade based on your own analysis and risk preference.
Comment:
If 6950 support breaks, BTC may test next support around 6750 area, which also is the lower end of the channel, then we will likely to see a bounce back.
Trade closed manually:
Short position closed @ 7100 while there was a higher low and lack of sell pressure.
But I did not enter long position either, just watch what it gonna happen next.
But I did not enter long position either, just watch what it gonna happen next.