BCH / BTC Short Position Entry on 1H chart, based upon MAs & S/R

Potential short position on 1H BCH/BTC Chart, based upon S/R Levels, number of retests and 25MA/99MA cross. Price has already had time to react from the 7MA/99MA cross on the 1H and now expecting a reaction from the 25MA/99MA cross.

Yorum:

Set-up proved good, unfortunately invalidation just breached with wick, prior to big move down.