Bitcoin / TetherShort
BTC 28500 level
I would like to see price hit 28500 why?
Because market has a lot of longs open it could be fast wick down to 28500 and then back to normal trying to break downtrend line (blue one on chart).
We might not see this happen because we are on 0.382 fib zone which is support zone for now.
I will take bet and short it with take profit: 28500$
Stop loss: 29600$ (you can exit earlier but not under 29500 thats blue downtrend resitance line)
Risk/reward ratio ~2.3
Because market has a lot of longs open it could be fast wick down to 28500 and then back to normal trying to break downtrend line (blue one on chart).
We might not see this happen because we are on 0.382 fib zone which is support zone for now.
I will take bet and short it with take profit: 28500$
Stop loss: 29600$ (you can exit earlier but not under 29500 thats blue downtrend resitance line)
Risk/reward ratio ~2.3
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