SHORT

24 Mar 2020

BTC:

My order still remains at the same level, however as stated yesterday the delay in the movement to the downside does put a slightly higher risk on the setup in comparison to if it came through earlier on in the day. We should see price find some support around $5400 - $5000 in the short term and we'll use this to identify how it's going to play out once we see this level.

The next region of interest to consider a long trade is 5400, which we should be seeing after some activity at the $5000 floor. However, the order remains at $4800 as I still think the market could come through with some surprises.

Arwana Crypto 🦈, [24.03.20 16:04]
Knowing my original target to execute at $4800 remains a possibility puts me on edge to consider prematurely entering a trade around the $5000 barrier. Seeing as we've been on a roll with the profitable calls, it’s better to sit and wait for the entry to come through instead of jumping onboard a trade just for the sake of trying to capture an opportunity not as optimal as it could be.