Bitcoin is getting close to a crucial liquidity zone where short traders' stop-losses are probably going to be activated. An entry here might draw a lot of stop-loss orders, which is something that Bitcoin frequently looks for. With a risk-reward ratio of 1:4 or higher, this setup presents a compelling chance for a short trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.