BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Setup: Daily Descending Channel
Trigger: When price break above 8100
Stop: 8290
Take profit: 7550 (RR 2:1)

Scale out 1/3 at first support level at 7650
1/3 out at 7550
1/3 out at 7150 (RR: 3.3)

Hypothesis supported by low relative volume on green bars.
Sellers in control.
Prepared to stop out or take losses earlier if relative volume increases.


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