In the coming days, I expect a BTC drawdown on the daily timeframe to values of $96,500 to $95,400 from a price action perspective. I would enter a short position immediately, setting my Stop Loss (SL) above $112,400 and Take Profit (TP) at $96,500, which would represent a 3.44 Risk-Reward Ratio (RRR).
It is important to note that this is in no way financial advice, but merely my personal view on price action and my idea of where the price might go in the coming days.
It is important to note that this is in no way financial advice, but merely my personal view on price action and my idea of where the price might go in the coming days.
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