I am putting a short trade on Bitcoin.
Entry - $6000 and up to blue resistance trendline
Stop loss - Break of blue trendline
Target - Support level at $5400
Risk/reward ratio - 3:1
Ideally, I want to see retest of the $6000 level and even a move back to the blue resistance trendline before a copulative sell-off to the next obvious support to $5400. A break of blue resistance trendline will trigger my stop loss.
I will place initial orders at $6000 and further orders up to blue trendline in an effort to build a better weighted average entry price. I will need to adjust my stop loss lower as time passes to ensure it triggers should price breakthrough blue trendline.
Entry - $6000 and up to blue resistance trendline
Stop loss - Break of blue trendline
Target - Support level at $5400
Risk/reward ratio - 3:1
Ideally, I want to see retest of the $6000 level and even a move back to the blue resistance trendline before a copulative sell-off to the next obvious support to $5400. A break of blue resistance trendline will trigger my stop loss.
I will place initial orders at $6000 and further orders up to blue trendline in an effort to build a better weighted average entry price. I will need to adjust my stop loss lower as time passes to ensure it triggers should price breakthrough blue trendline.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.