Shorting Opportunity for BTS/BTC with High Reward Potential
Momentum of the uptrend officially died yesterday and Bitshares is ripe for a profitable short. The next major resistance is at 1440 sat and considering today's price of 2500 sat, reward opportunity is desirable.
As a trend follower I don't determine a price target. It can go even lower than 1440. Let's see how the trend goes to get a clear exit signal.
You can just pull the trigger at this point or if you're aggressive, you can try to sell at 2630 sats. But these low liquidity assets can drop instantly.
As a trend follower I don't determine a price target. It can go even lower than 1440. Let's see how the trend goes to get a clear exit signal.
You can just pull the trigger at this point or if you're aggressive, you can try to sell at 2630 sats. But these low liquidity assets can drop instantly.
Trade active:
Position brought 20% profit so far. I'll continue to go with the trend.