Description
⋅ We are under trendline/outside triangle ....
I expect a drop to 4.4k
Fib 0.786 is @ 4313
Before move up we need to go down. I expect a liquidation of longs @ 4.400 / 4.300 area and then we move up to 8k - 11k
I will initiate a long:
Bitmex
3x
buy @ 4400
TP 1 @7700
TP 2 @ 8000
TP 3 @ open for 11k
SL : @ 4000
With this setup, we can lose 30% or we can win 245%
Stay safe!
PS. This is just my opinion, I am not a financial advisor!