Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Although in general I would ignore weekend PA, but any failure for BTC to close above 7800 today, it would result in a double top. This allows me a rule to attempt a short. I expect price to try and attempt 7800 again today, so here are the specs:
Entry: 7750 Taret: 7525 Stop-loss: 7900 R:R: 2.5
Its a trade against the trend, but I think worthwhile. Besides, I have CALL options for 8000, so I am willing and well positioned to take this risk.
Manage your own risk, and assume your own responsibility for the trade.
This is not a financial advice.
Trade active
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Got in early at 7725
Trade active
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Overnight fills at 7750 and 7800 also done. So, now I am very well into the trade with 7750 as entry. Moved my stop-loss to 7800, thus making my dynamic R:R 4:1
my take-profits will be: 10% at 6650 15% at 6600 25% at 6575 25% at 6525 Rest 25% will be left to go on, with stop-loss moved to break even.