Like BTC, unsure as to the overall market. My bias at the moment is BEARISH and took home some very nice profits from my at $252. Closed my short at $232. Opened a LONG at $222 after noticing a DOUBLE BOTTOM on the 4HR chart. Took TP1 at previous swing high ($232). Now, I sit and wait.
Looks like price is struggling to break above the previous swing high so I'll be waiting to see if price can break above this area and the 100EMA. Should this happen, I'll be looking for price to drop back to this current area for a retest and possibly add to my LONG position. Looking for my next TP around $245. Moved my SL to $226. Should this get hit, I'll be looking to open a conservative SHORT, adding to it with 4hr close below $220.
Looks like price is struggling to break above the previous swing high so I'll be waiting to see if price can break above this area and the 100EMA. Should this happen, I'll be looking for price to drop back to this current area for a retest and possibly add to my LONG position. Looking for my next TP around $245. Moved my SL to $226. Should this get hit, I'll be looking to open a conservative SHORT, adding to it with 4hr close below $220.
Trade closed manually