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BTC Short 28K

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Short Idea.

BTC has been in a daily uptrend since the beginning of 2023, and has built a distribution > 27K. To note, there are 3 distributions visible on the chart, indicating values has been built at these areas. Price seems to have slowed down in this top distribution, and R:R feels skewed downside.

Price is currently right in the middle of the top distribution, and I think price has stalled in this top distribution. Potential to start cleaning up the single prints below 27K - 25K.

Short targets: 28.2K / 28.6K

Profit targets: 27K / 26.5K / 25.5K

Trade is invalidated > 28.6K.
交易進行
STO /MBTM23:XCME @28585.00
SL 29000
交易結束:達到停損點
I'm out!
Chart PatternsTrend Analysis

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