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Rezakaz

We are on top of the monthly channel

Short
BTCUSD Perpetual Contract (BYBIT:BTCUSD.P)  
Rezakaz Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
Trend Analysis Technical Indicators btcusdshort bybit bitcoinprice Technical Analysis position Contains image
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trendanalysis indicator btcusdshort bybit bitcoinprice technicalanalysis position containsimage
Here after 2 days rally up, I guess the price action is giving nice short opportunity. I would consider Risk/Reward as 3:1 with 2% risk of total capital.

The given lines are weekly resistance and supports.
Trade closed: stop reached:
Market wanted to reach the monthly high. Therefore our stop reached and the strategy should be analyzed for other positions.
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