🧧Update on $BTC

On 4H time frame #bitcoin shows the weakening of the upside trend.

💥Also the upside trend support zone have been recently broken

💻From indicators point of view MACD and AO shows the divergence on the same time frame.

⭐Finally, from risk point of view profit to risk/ratio looks attractive here.

So, I am considering opening short position, with low leverage, and risk management with the following parameters:

Stop loss: above $80 000

Take profit 1: $73 850

Take profit 2: $70 700

Take profit 3: $67 900

If you like such type of content, your support is appreciated.

Trade smart,

stay sharp,

and take care!

NFA&DYOR

#TrendingTopic #trade #short #technicalanalyst

BTC

76,412.05

-1.72%