Just opened a short position in BTC, let's go to the facts:
Being that said, this is a risky positioning. Money management is a must have.
Money management
This is not a good R:R trade, if you managed to enter a little closer to the resistance, you will get a better chance. I entered
at the price I mentioned. Do your own analysis!
- We have a big resistance at ~7770 that we just failed breaking up
- RSI is a little bearish
- MACD is bearish
- No significant chart pattern can be found right now
- Market is looking too much manipulated this week
Being that said, this is a risky positioning. Money management is a must have.
- Stop-loss: $ 7781
- Entry: $ 7701
- Profit: $ 7605
Money management
- Volume: 5% of main capital
- Risk: 1%
- Reward: 1.25%
This is not a good R:R trade, if you managed to enter a little closer to the resistance, you will get a better chance. I entered
at the price I mentioned. Do your own analysis!
Bình luận:
Last hour candle closed in a candle pattern (doji) that shows indecison about price direction from now on.
Giao dịch được đóng thủ công:
Even though price action was confirming my expectation, volume was too low, so I decided to close the position while there was profit to take yet. Position closed at $7660 with 0.5% profit.
I've slided the stop-loss a little down ($7729).
Target still the same.