Good short set up for BTC
Updated
Entry price: 7125
Target: 6800
Buy-stop: 7325
R:R - 2.34
This trade will cost me a max of 0.5R if I am stopped out. Two consecutive daily close above 7200, and I close this trade
I am taking the trade because I like the odds, and BTCs inability to get a daily close above 2020 opening price once again.
Trade at your own risk and this is not a financial advice.
Target: 6800
Buy-stop: 7325
R:R - 2.34
This trade will cost me a max of 0.5R if I am stopped out. Two consecutive daily close above 7200, and I close this trade
I am taking the trade because I like the odds, and BTCs inability to get a daily close above 2020 opening price once again.
Trade at your own risk and this is not a financial advice.
Trade active
Stop-Loss moved to 7200, and 25% position reduced by taking profit at 7050.New R:R: 4 for 75% of the original position.
New Overall R:R for the trade: 3
Trade active
Looks like 7050 is holding well on the hourly. So, moved my stop-loss to break even. 25% was already booked with profit of 1%. So, happy with it.
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Trade closed: stop reached
Profited 0.25 R because I always take profit in a day to minimise my loss
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