jaspele

Day-trade analysis

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
The market-price is lateral. A good and conservative price-entry would be only if the price rises to or above $8121, with a Stop-loss at or below $8059.
And analysing previous price upwards, there was a variation of $ 80, so you could set your first target at $ 8155 or above. This is a conservative scenario, with slow bull run.
If it happens to start a crazy bullish run, analysing previous ones, there was a variation of $ 290-300, so if it happens this case you can set your targets at the price range of $ 8254~8350.
This is my actual strategy for a Short-net day-trade, specifically for this case.
I'M SHARING FOR INFORMATION/INSIGHTS PURPOSES.
DO YOUR TRADES ON YOUR OWN RISK.

Thank you for your time and good trades!