Sparkster
Long

Is A 1.6% Upside Target Worth The Risk?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Without carefully crafted historically backtested strategies, the kinds of trades available on short-time frames within the current market structure are high risk.

Check this one out. 3 'white soldiers' candle formation on the 4 hour chart. Looks good. MACD pushing up. But look at the overhead resistance level . It's just 1.6% above current price. Would you risk leveraging long for such a small move? Or would you wait for stronger momentum on a higher time frame?

Comment: Price is now demonstrating the point by leaning over towards decline.


Look for trendline support to be broken again and another deep slide incoming.
Comment:
Trade active: Clearly not this time, hence illustrating the problem of short time-frame trading within larger time-frame momentum swings.

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Comments

Good call, well done
Reply
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