BTC has eaten the weak demand zone below, forming a LL in tge process.
Supply zone lines up with 61.8 fib, 4h eq and the downtrend line.
Leads me to think there's a good short opportunity from there, potentially right down to the 42k demand zone.
Taken for 0.25R as it feels a little "Sell the bottom" to me on the dailys.
Supply zone lines up with 61.8 fib, 4h eq and the downtrend line.
Leads me to think there's a good short opportunity from there, potentially right down to the 42k demand zone.
Taken for 0.25R as it feels a little "Sell the bottom" to me on the dailys.
Trade active:
Entries picked up, SL moved down
Trade closed: stop reached:
TP 1 hit, then price came up and stopped me out for the rest of the position.
Ended up a win but not a large one.
Ideally would have moved SL further down but all the action happened while I was sleeping so not something I can change without setting midnight alerts, which I'm not interested in.
Ended up a win but not a large one.
Ideally would have moved SL further down but all the action happened while I was sleeping so not something I can change without setting midnight alerts, which I'm not interested in.