RACEACEACE #BITCOIN SHORT A REJECTION OF 6328 down to 5700 SCALP
The bulls, in my opinion have failed to come through. The lower timeframes are overbought and the 1 hour is looking more bearish to me. I have confluence in my technical analysis to suggest that a rejection at 6328 merits a short entry. Profit should be taken at 5700. A stop should be placed responsibly using a local pivot high on the one hour chart. This is a scalp trade. If another move up to 6328 fails to materialize, don't blame me. I only look for safe entries and exits. When a trade fails to follow my expectations, I close it.
Please use your own t.a for confluence.
Resistance: 6328
Support: 5700, 5337
Stay safe :)
Please use your own t.a for confluence.
Resistance: 6328
Support: 5700, 5337
Stay safe :)
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.