Bitcoin Short Trade Idea
Hello traders!
Bitcoin is showing some weakness in bullish momentum no clear fundamental catalyst yet but some reversion in equities and dollar strength could cause a dip.
I labelled the take profit levels also the invalidation level ( stop level ).
I recommend placing a sell stop order at the 4hr trend line break + a few points below the last 4hr candle, or a sell limit order at the 50% retracement after the trend line break.
Stop Loss and Take profit levels are labelled.
Have a Nice Day!
Vitez
Bitcoin is showing some weakness in bullish momentum no clear fundamental catalyst yet but some reversion in equities and dollar strength could cause a dip.
I labelled the take profit levels also the invalidation level ( stop level ).
I recommend placing a sell stop order at the 4hr trend line break + a few points below the last 4hr candle, or a sell limit order at the 50% retracement after the trend line break.
Stop Loss and Take profit levels are labelled.
Have a Nice Day!
Vitez
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