Short Entry: Now or as close to $30,300
SL: $31,082
B/E Move: When it moves close to TP2
TP 1: $29,850 (Close 30%)
TP 2: $29,450 (Close 25%)
TP 3: $29,000 (Close 25%)
TP 4: $28,225 (Close remaining 20%)
Last night Bitcoin broke out below the support 🩸 Bitcoin re-tested $30,300 as resistance and had an inside bar breakout of that, the move we are now having is a daily pullback which soon should lose energy and decline from here 🧸
⚠️ However, it can re-test the resistance again, I’m getting an entry in case it doesn’t 🤝
The main event today will be facing NFP data, if the market doesn't fall below $29,850 by the NFP data we can get a move in either side.
Please don't take too much risk, we will get more short opportunities from here if the market keeps declining 📉
**Disclaimer: Past profits do not guarantee future results. Only risk 1% to 3% of your account.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
SL: $31,082
B/E Move: When it moves close to TP2
TP 1: $29,850 (Close 30%)
TP 2: $29,450 (Close 25%)
TP 3: $29,000 (Close 25%)
TP 4: $28,225 (Close remaining 20%)
Last night Bitcoin broke out below the support 🩸 Bitcoin re-tested $30,300 as resistance and had an inside bar breakout of that, the move we are now having is a daily pullback which soon should lose energy and decline from here 🧸
⚠️ However, it can re-test the resistance again, I’m getting an entry in case it doesn’t 🤝
The main event today will be facing NFP data, if the market doesn't fall below $29,850 by the NFP data we can get a move in either side.
Please don't take too much risk, we will get more short opportunities from here if the market keeps declining 📉
**Disclaimer: Past profits do not guarantee future results. Only risk 1% to 3% of your account.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®