We are at high resistance zone... Breakout above green area and trendline could send btc to 12800 level....but this scenario would require unusual change in market sentiments and alot of effort from bull... buyers are looking ehausted and sustainable breakout above trendline and ema 1200 which is very high resistance would be worth focusing.....it would not be easy for bulls but this market is unpredictable and trader must be prepared for any scenario.....on the downside 4800 to 5100 level would be on cards,.....if we manage to break below 7200 usd level...
Can you give me a tip on what price to enter a short position and what price for stop loss?
huzaifa268
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@samiswilf, i would short around 8600 area.... stoploss is 9400.....
first target is 7200 ...2nd target 6000.....3rd.. 5100 area... i know stoploss is high but if you calculate....reward ratio is much higher then risk