9/11/22 - Good Risk Management is Required Short

Bitcoin / US DollarBinance

Description

⋅ Sep 11, 2022 9:03 PM

Could see an inverse heads and shoulders with this big volumetric resistance zone. Mapped out some clear Fibonacci extension targets. The short trade on the graph is set at around -2% SL while the trade could net you up to 30%. Pretty good risk.

NOT FINANCIAL ADVICE...

Comments

pudingoo

⋅ Sep 11, 2022 9:13 PM

nah look at weekly falling wedge being broken on my idea:)

DaxxDelucchi

⋅ Sep 11, 2022 9:26 PM

@pudingoo, support and resistance lines are wonky, you should either draw them by their wicks or bodies.