BitcoinShort
Bitcoin continue going down
Updated
Hello crypto traders!
Yesterday I made an analysis, that made some profits for us!
1H and 4H trend is down. So, lets try to catch another successful trade setup here.
Currently, Bitcoin is trading at around $97,000 mark, reflecting a slight pullback from recent highs. The price has recently broken the major ascending trendline, which had provided support for a prolonged period.
Now we expect price to pull back to this trend line (~99,400$ level, I have short limit order here), and continue downward momentum.
I suggest taking profits at 94,700$ mark, this level aligns with strong resistance and 1.618 Fib level.
Don't forget to place stop loss :)
Control your risk while doing trading!
Yesterday I made an analysis, that made some profits for us!
1H and 4H trend is down. So, lets try to catch another successful trade setup here.
Currently, Bitcoin is trading at around $97,000 mark, reflecting a slight pullback from recent highs. The price has recently broken the major ascending trendline, which had provided support for a prolonged period.
Now we expect price to pull back to this trend line (~99,400$ level, I have short limit order here), and continue downward momentum.
I suggest taking profits at 94,700$ mark, this level aligns with strong resistance and 1.618 Fib level.
Don't forget to place stop loss :)
Control your risk while doing trading!
Order cancelled
Canceled position, price broke LL
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