6/7 BTC Trading Opportunity

Jun 7, 2023

The yellow zone represents the current resistance level encountered.

#BTC Long Position Order
Entry: 27450.0
Profit: 27974.6
Loss: 26925.4
Profit/Loss Ratio: 1

#BTC Short Position Order (Contrarian trading)
Entry: 27216.9
Profit: 26605.3 (Falling to the Fibonacci retracement level of 0.382)
Loss: 27450.0
Profit/Loss Ratio: 2.6

Jun 7, 2023

Trade active

#BTC:
The profit margin from the entry point at the high to the present has reached over 2%. The target is still seen at the Fibonacci 0.382 level. Once it reaches that point, a long position can be taken on the left side. Set the stop-loss below 0.618 and take profit at -0.272.

Jun 7, 2023

Trade closed: target reached

#BTC #ETH Short positions have indeed taken profits, and long positions have indeed been established.