$BTC/USDT 2h (Binance Futures) Descending channel under midline

Long time not scalping Bitcoin, let's try after that 50MA rejection.

Current Price= 32705.53
Sell Entry= 32691.78 - 32894.27
Take Profit= 32165.90 | 31558.10 | 31131.60
Stop Loss= 33282.90

Risk/Reward= 1:1.25 | 1:2.47 | 1:3.32
Expected Profit= +15.12% | +29.92% | +40.32%
Possible Loss= -12.16%

Fib. Retracement= 0.618 |1 | 1.272
Margin Leverage= 8x
Estimated Gain-time= 10 days

Trade chiuso: obiettivo raggiunto:

TP1 reached with +15.12% (8x) and +1.25R

Bitcoin went for 50MA retest a last time then got rejected locally again and "dumped".

Trade chiuso: obiettivo raggiunto:

TP2 reached with +29.92% (8x) and +2.47R

Bitcoin legged down filling our second target, glad to be scalping on the correct side.
SL moved to first entry (32691.78$) and TP3 updated a bit further targeting around Fib 1.414 (30912.30$) instead of Fib 1.272!

Trade chiuso: obiettivo raggiunto:

Original TP3 would have been reached +40.32% (8x) and +3.32R

Bitcoin bounced on channel support twice already showing some bulls are fighting.
Seems like we should have stuck to the final target but the updated one was almost hit.
Could start reversing soon but several resistances to cross now before resuming bullish again!

Trade chiuso: obiettivo raggiunto:

TP3 reached with +29.92% (8x) and +2.47R

Bitcoin went for last target after all and is sitting on critical support at the moment.