Bearish, with lots of momentum. But there is potential for a bounce at current levels. I present a bearish scenario, as well as a bullish scenario.
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That demand was violated. I went the 15M for a confirmation entry short. It presented. Clean. Yout trade should look something like this. 1:5 RR is the target.
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SL hit for BE. No loss, no worries.
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My mistake... SL was a bit too tight. That's the difference between trading crypto and FX pairs. Crypto needs more room to breathe. Noted.