Recently as BTCUSD going sideway, both short & long positions were able to make profit as long as they have their own strategy. Now, because BTCUSD went below significantly compared to the previous magnitude of movement, I wanted to share new trading opportunity for those who've missed short opportunity.
It is often said that you should not capture falling knife. However, if you utilize technical analysis, which is overheated in this case from sell pressure, we can capture another easy and quick opportunity which is not a knife to me. This is a trading opportunity to me.
This strategy is valid if and only if you still accept the fact that there's a risk involved so that you can control the portion of it.
✅Entry price : 6878 ✅Profit loss ratio : 1.23 ✅Minimum probability to make profit : 44.84%
Since this entry is for short term, please also notice where Horizontal + Diagonal support support at the same level as linked below.
Thanks,
After all, only Traders who have right strategies that penetrate markets will survive, not people trading with luck or without criteria.