BTC got rejected at the resistance level & bearish divergence
Short placed on
BTCUSDT
with a 1:2.3 risk-reward ratio. It tested the resistance level multiple times and a bearish divergence was formed recently on the RSI.
Trading on the 4h chart.
BTCUSDT
with a 1:2.3 risk-reward ratio. It tested the resistance level multiple times and a bearish divergence was formed recently on the RSI. Trading on the 4h chart.
Trade chiuso manualmente:
Looks like it has found a strong support level. Profits booked, trade closed. Going long from here. See my other updated analysis on that.