Here is a quick brief of what is to come over the next few days. Another wedge upward within a Bear pendant. Shorting until 3100 would be fine as long as you use conservative leverage. Keep in mind we could be near a bottom possibility, old ATH = new support is not exactly a rule infact looking into BTC historically (and other crypto charts) you will find this is not a rule and volume is a good indicator during early phases of a macro movement however the movements upwards are rapid and aggressive in comparison to the downtrends. On a Macro scale I would not depend on volume.
Entry = > 3450
SL= 3350
Leverage = 10X/5X/3X
T1 = 3495 50%
T2 = 3545 25%
T3= 3590 25%
Check your RSI after T1 -- if it drops below 60 then consider an early sell point
Entry = > 3450
SL= 3350
Leverage = 10X/5X/3X
T1 = 3495 50%
T2 = 3545 25%
T3= 3590 25%
Check your RSI after T1 -- if it drops below 60 then consider an early sell point
Trade closed: target reached:
good win/ updated and posted new XBT setup/ Be ready to short the E-Wave