BTC SHORTING IDEA 2ND NOV
Trade Analysis:
5-Minute Order Block Rejection: Noticed a clear rejection in the 5-minute order block, indicating potential downside pressure.
Minor Support Break: Confirmed entry after the minor support was broken, suggesting bearish continuation.
BTC Trend Confirmation: BTC remains in a clear downtrend, unable to break previous highs, further supporting a bearish sentiment.
Risk Management: Only 50% capital allocated for this trade to control risk. If the price breaks below the next order block, there’s potential to capture significant points on the downside.
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5-Minute Order Block Rejection: Noticed a clear rejection in the 5-minute order block, indicating potential downside pressure.
Minor Support Break: Confirmed entry after the minor support was broken, suggesting bearish continuation.
BTC Trend Confirmation: BTC remains in a clear downtrend, unable to break previous highs, further supporting a bearish sentiment.
Risk Management: Only 50% capital allocated for this trade to control risk. If the price breaks below the next order block, there’s potential to capture significant points on the downside.
💬 Like, follow, and comment if you find this analysis helpful!
Trade closed: target reached
tp done
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Disclaimer
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.