[Swing Trade] BTCUSD short from HTF resistance

2022年7月29日

Hello fellow traders,

At and above entry we have a cluster of HTF resistances:

• Horizontal (Weekly)
  
• HTF Fib Fans (0.5)
  
• HTF Fib Retracement (0.328)
  
• Order Blocks
  
• VPFR from ATH (VAL)
  

I would argue that this is a relatively low-risk trade because of the confluences at that level. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.

Good luck and happy trading!

Kind regards,
n1d0

2022年7月29日

註釋

I forgot to mention another confluence: the 30k price level itself. It is an important psychological resistance.

2022年8月2日

註釋

As if we didn't have enough confluence: above entry we also have the 0.236 Fib Retracement level from ATH.

2022年9月13日

取消訂單

Cancelled! But the idea is still valid. I will post this again if we are approaching the level.