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DailySats
Jun 28, 2021 10:24 AM

BTCUSD: Quick Scalp Idea Short

Bitcoin Perpetual FuturesFTX

Description

1/ Entered just below the swing high at $35,350 ish
2/ Hoping to tag the 1-hour bullish order block's high at $32,935
3/ Love the R:R, let's see what happens


As always, none of this is financial advice and should be construed as one.

DYOR
Not Financial Advice (FA)

Comment

Two scenarios possible here

Scenario 1:

short play continues with the possibility of compounding at $35,500 ish. as previously described.

**Here's how it might play out**
Sweep the highs, continue to head lower

Scenario 2: (blue)

Long opportunity develops.

**How?**

Close above $35,500 flips bearish OB to
a bullish breaker.

If BTC stays above $35,500 & retests it, high probability short setup will be invalidated and the possibility of a move higher would evolve.

Trade closed: target reached

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