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$BTCUSD Current short trade

280
Good R:R short that I entered yesterday.

Reasons for:
- Price rejected ~4400 area
- Fell back through a significant S&R area which I would have taken as a no-brainer long if price had spent a little more time above it.
- Good R:R


Overall I am still bullish BTC.
Nota
Target ~4020 lows
Nota
Price has now broken down, following the expected price action. Currently we have seen a retest of the level, but again, with not as much time/space as I would have hoped.
A classic H&S has now formed.
Nota
Have now moved stops down to ~4240.
Nota
Stopped out of trade, banked 1.2R.

Penafian

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