BTC Rejection and Retrace Short
In this last up move, we touched the 50% Fib Top to Bottom level to a T. Depending on how the next few candles form, this level would be good to open up a short in case we get rejected. Stops would be just above the 50% retrace level.
Target would be around 7000 and then 6800 for the bounce.
This is a good high probability play, where you can use tight stops to control the entry.
Target would be around 7000 and then 6800 for the bounce.
This is a good high probability play, where you can use tight stops to control the entry.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.