BTCUSD possible sell signal
looking at the 1H chart there is heavy resisetnce at both Trend line and horizntal resistence. this provides 2 good scenarios.
1- going SHORT and setting a tight SL right above the trend line.
2- waiting for breakout on the 1H chart to go LONG.
since I have already entered a trade on BTC I will just move my SL bellow the last low on 1H chart so that if the price drops i can buy lower with keeping profit since we entered the trade at 6500.
now of the second scenario works out i will be buying more positions with a tight stop loss.
1- going SHORT and setting a tight SL right above the trend line.
2- waiting for breakout on the 1H chart to go LONG.
since I have already entered a trade on BTC I will just move my SL bellow the last low on 1H chart so that if the price drops i can buy lower with keeping profit since we entered the trade at 6500.
now of the second scenario works out i will be buying more positions with a tight stop loss.
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