[Swing Trade] BITUSD short from HTF resistance

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Hello fellow traders,

This chart should be pretty self-explanatory. At and above entry we have a cluster of HTF resistances. I would argue that this is a relatively low-risk trade because of the confluences at that level. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.

Good luck and happy trading!

Kind regards,
n1d0
Nota
For less risk, but lower reward this is a good idea:

Above the stop-loss, we have 2 daily levels. You could open 50% of your position on the entry provided in the original idea ($0.786), and open the rest at the 2 daily levels ($0.834). Stop-loss percentage stay the same.

Less risk, but potentially 50% less reward.
Nota
Almost there.
syot kilat

syot kilat
Dagangan aktif
This trade is now active

syot kilat
Dagangan aktif
Trade is going well, too bad we are in a weekend.

We are at the first support, taking a small profit might be a good idea.

Moving the Stop-Loss to entry might also be a good idea.

Good luck!

syot kilat
Dagangan ditutup secara manual
Well, that's it for me. Closed at break-even.
On to a better trade!

syot kilat
Dagangan ditutup secara manual
It seems like it's another episode of "Stick to the Plan"...

syot kilat
Nota
Stick to the plan next time, have some confidence...

syot kilat
Nota
My first idea posted on TradingView was fantastic, ironically I chickened out of the trade. Check the original idea and comments.

syot kilat
FibonacciSupply and DemandSupport and Resistance

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