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Crypto bears having the upper hand and there are many reasons why you shouldn't be bullish yet. For example this...
...or this (check also the other ideas from this series)...
But now back to this current idea. After the brutal sell-off (initial impulse; FTX bankruptcy) ₿itcoin recently consolidated in form of triangle. Now price seems to breaking out this triangle📐 and I think there is chance for run to 13550 and even lower. Setting SELL LIMIT order to previous range low to catch🎣 the pullback (backtest of the triangle lower edge).
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Crypto bears having the upper hand and there are many reasons why you shouldn't be bullish yet. For example this...
But now back to this current idea. After the brutal sell-off (initial impulse; FTX bankruptcy) ₿itcoin recently consolidated in form of triangle. Now price seems to breaking out this triangle📐 and I think there is chance for run to 13550 and even lower. Setting SELL LIMIT order to previous range low to catch🎣 the pullback (backtest of the triangle lower edge).
- ENTRY: local low @ 15900
- STOPLOSS (SL): local high @ 16320
- TARGET (TP): height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 13550
- REWARD RISK RATIO (RRR): 5.5
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active:
SELL LIMIT Order filled ✔️
Trade closed: stop reached:
Stoploss hit 🛑
