Short trigger = break of channel to the downside
Enter = go to lower time frime 4H-1H to find a good entry point
Exit = 42.000-42.150 $ is the first support, 35.000-35.500 $ (CME gap considered) low probability exit
Stop loss = break line of channel + 1ATR in entry TF
goodluck!
Enter = go to lower time frime 4H-1H to find a good entry point
Exit = 42.000-42.150 $ is the first support, 35.000-35.500 $ (CME gap considered) low probability exit
Stop loss = break line of channel + 1ATR in entry TF
goodluck!
Trade active
Comment:
enjoy the ride to 41K after that 38k most likely.
Comment:
bears are losing momentum on the hourly.
if bulls take it up to 46700$ then the main bullish trend can continue again.
if bulls take it up to 46700$ then the main bullish trend can continue again.
at this point you can enter a trade short using the intra day TF or wait until the channel is broken to the downside.