BTCUSDT (D,240) Short
After 13657 USDT we didn't have an HH sequence, Price tried to go low beyond 13657 but couldn't able to make it because it came back up aggressively and hit the top of the range forming the 4th touch. I could see the momentum clearly dies between 16000 USDT and 16500 USDT, the last buyer is taken out aggressively and I could see wicks on the top which indicates that price doesn't want to go HH and selling pressure is coming in So, I would like to short this trade, as a matter of fact, I am doing a counter-trend trade. So, a bit risky in my opinion. But Risk Management will save me as I have kept a wider SL.
Entry: 16010
TP: 14082
Stop loss: 17453
Position Size: 1% Risk on your capital/1443000000
Risk/Reward: 1:2 So, HH RR.
If TP is hit then we will be at 18% profit.
Buy from Sellers and Sell from Buyers.
After 13657 USDT we didn't have an HH sequence, Price tried to go low beyond 13657 but couldn't able to make it because it came back up aggressively and hit the top of the range forming the 4th touch. I could see the momentum clearly dies between 16000 USDT and 16500 USDT, the last buyer is taken out aggressively and I could see wicks on the top which indicates that price doesn't want to go HH and selling pressure is coming in So, I would like to short this trade, as a matter of fact, I am doing a counter-trend trade. So, a bit risky in my opinion. But Risk Management will save me as I have kept a wider SL.
Entry: 16010
TP: 14082
Stop loss: 17453
Position Size: 1% Risk on your capital/1443000000
Risk/Reward: 1:2 So, HH RR.
If TP is hit then we will be at 18% profit.
Buy from Sellers and Sell from Buyers.
