Short setup of BTC on 4H(quick trade)
Reasons to short:
1. momentum
2. structure & MAs & control high
3. high RR ratio
what is against me:
Price is into daily buy zone. There might be a reversal.
Basically, it's a quick short trade.
1. momentum
2. structure & MAs & control high
3. high RR ratio
what is against me:
Price is into daily buy zone. There might be a reversal.
Basically, it's a quick short trade.
Note
price refused to create lower low, and reacted to previous structure marked in yellow. I zoom in the 5m chart, as usual, pattern shows up again. It's easy money.
Note
Price is approaching the zone. I'm a bit hesitated. so plan to see the price action on the 30m chart. The short plan triggered if price violates the uptrend line inside the yellow zone. The rule is clear.
Order cancelled
On the 30m chart, I got no violation. So trade canceled. I also noted the trend was accelerated approaching the zone.
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