BTCUSD: Quick short opp at USD 9050 following latest spike

A pretty simple short trade has come up in my opinion, this breakout from the marked blue consolidation zone has got us above 75 RSI points on the 15m and 1h chart, and as you can see we are far extended above the 15m Kumo Cloud (which consistently acts as a price action magnet)

Looking for at least a 1% drop down from USD 9050

Commentaire:

Hit first target, but if 50% Fib level doesn't hold then further downside expected so will keep short open for now.

Trade fermée manuellement:

Support broken, closing short to take profit