Bitcoin has been forming a rising flag for the past few days, reaching its new year high at 39,000.
I am anticipating that the price will rebound from this HH, and the formation of the rising flag might be a strong indication of a bearish pullback.
My entry point for this trade is 38600, SL at 39000, and TP at 37600 as the R:R is 1:2.
Remember, only risk 1-2% of your account.
I am anticipating that the price will rebound from this HH, and the formation of the rising flag might be a strong indication of a bearish pullback.
My entry point for this trade is 38600, SL at 39000, and TP at 37600 as the R:R is 1:2.
Remember, only risk 1-2% of your account.
Trade active:
Ranging markets!
Trade closed manually:
Well, we have to cancel the pending order.
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