Rachel_T
Short

Short term short to the channel bottom

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
See attached screenshots
Oct 04
Trade closed: stop reached

Comments

Question is, will 6320 Hold? Will we bounce there back up to the top of the channel?
Or is doom waiting for us below?

Bulls last line of defence is just below us at 5855, but before we can drop to that, we would need to break the red line (6k trendline), which so far has been an absolute beast
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The Channel we are in
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