KSM - Update of the previous short idea

As we can see trendline was extended which makes our setup only better.

Reasons to take short:
⭐️ BTC bearish
⭐️ Global market is bearish
⭐️ Global trend is bearish
⭐️ Trendline is seen on multiple timeframes
⭐️ 6th touch
⭐️ Trendline is 7 days old
⭐️ Bulls were trapped yesterday
⭐️ Under VWAP
⭐️ 34 ATR

Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones

Comment:

Closed at breakeven, will try again on the next touch