While bitcoin is fighting to recover, it couldnt break the 40k resistance and in his way bitcoin broke its tenkan sen with a huge price rejection hence it will probably go test its Kijun sen at 37k
Trade setup :
Entry : 39995 SL : 40771 TP : 37921
交易進行
So far so good, the price rebounded on the ema (which is logical), due however to the exceptional day (FOMC meeting which means high volatility expected) I placed a trailing SL to protect gains we will see how far we can go
交易進行
Bearish divergence on the 4h that makes me believe the TP will be reached, nevertheless i closed 20% of the position here just in case.