BTCUSDT The price has broken a major level on the daily timeframe and appears to be attempting a pullback; therefore, we are planning to initiate a short position from that specific level. This will be a somewhat aggressive trade, but it offers a viable opportunity on the short side, potentially yielding a risk-to-reward ratio of approximately 1:4. We will plan this trade on the 1-hour timeframe; since there is a significant intermediate support level, we will book half of our position there, while holding the remaining half until the 78,300 mark.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.