BTC/USDT Counter Trend Trade
Trade Type: Cross 3x/Spot
Direction: Sell
Entry: $62.5k - $63k
TP: $57.5k
SL: $64k
Time Chart: 4hr
Reasoning: BTC is looking like it will take a correction after a breakout to its recent ATHs. I have a feeling it could test the 200 EMA levels before pushing back up again.
Direction: Sell
Entry: $62.5k - $63k
TP: $57.5k
SL: $64k
Time Chart: 4hr
Reasoning: BTC is looking like it will take a correction after a breakout to its recent ATHs. I have a feeling it could test the 200 EMA levels before pushing back up again.
TP1: $61k (50 EMA)
TP2: $59k (100 EMA)
TP3: $57.5k (200 EMA)
These reflect the different EMA levels the price could test before pushing back up.