Dear friends! Great to see everyone again and chat and strategize today!
I'm eyeing a short position in BTCUSD. Using the excellent tool Fibonacci measurement from Tradingview The best point for an entry appears to be between the 0.50 and 0.618 retracement levels, right where the short scalpers are aiming.
Sell setup: $69,957 to $70,493
Stop loss: $71,500
Take profit: $66,500
Just a warning, this is a trading idea, so make sure to set take profit and stop loss to keep your trade safe
I'm eyeing a short position in BTCUSD. Using the excellent tool Fibonacci measurement from Tradingview The best point for an entry appears to be between the 0.50 and 0.618 retracement levels, right where the short scalpers are aiming.
Sell setup: $69,957 to $70,493
Stop loss: $71,500
Take profit: $66,500
Just a warning, this is a trading idea, so make sure to set take profit and stop loss to keep your trade safe
Trade active
Comment:
BTCUSD quickly bought back the decline now that it is trading around the mentioned resistance level. What do you think about the selling strategy at the moment?
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