shell0

Quick trading idea for very short term profit

Short
shell0 Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
While bitcoin is fighting to recover, it couldnt break the 40k resistance and in his way bitcoin broke its tenkan sen with a huge price rejection hence it will probably go test its Kijun sen at 37k

Trade setup :

Entry : 39995
SL : 40771
TP : 37921
Trade active:
So far so good, the price rebounded on the ema (which is logical), due however to the exceptional day (FOMC meeting which means high volatility expected) I placed a trailing SL to protect gains we will see how far we can go
Trade active:
Bearish divergence on the 4h that makes me believe the TP will be reached, nevertheless i closed 20% of the position here just in case.
Trade closed: stop reached:
Trailing SL fired exit at 38652
Comment:
Congrats for the ones who stayed until the TP

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