TradingView
motleifaul
17 nov. 2022 16:21

Soft Decline Short

Bitcoin / U.S. dollarBitstamp

Description

The price cannot rise above falling trend line. The momentum is not high but the tendency seems to be clear,

Trade fermée: cible de profit atteinte

It is not the real target that we have reached. But there is no momentum at moment and it looks like a broad consolidation now. I see the danger of a breakout over the 17240 stoploss., however, this is not imminent. A new position will depend on how the sideward band once will be left.

Commentaire

Consolidated: A little profit is better than a possible larger loss.
Commentaires
SwallowPremium
Thanks for the clean chart!
Plus