Short

Quick trading idea for very short term profit

Updated

While bitcoin is fighting to recover, it couldnt break the 40k resistance and in his way bitcoin broke its tenkan sen with a huge price rejection hence it will probably go test its Kijun sen at 37k

Trade setup :

Entry : 39995
SL : 40771
TP : 37921

Trade active

So far so good, the price rebounded on the ema (which is logical), due however to the exceptional day (FOMC meeting which means high volatility expected) I placed a trailing SL to protect gains we will see how far we can go

Trade active

Bearish divergence on the 4h that makes me believe the TP will be reached, nevertheless i closed 20% of the position here just in case.

Trade closed: stop reached

Trailing SL fired exit at 38652

Note

Congrats for the ones who stayed until the TP

shell0

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