Short

XBT Short idea

Updated

Short term bearish. $3462.5 tested and rejected, now price cannot reach this level. Potential to see $3483 before ultimately a drop to the $3200 area.

Note

So far so good. Price ended up reaching $3484.5, and is now retracing away. Want to see volume pick up with this move down in order to reach our downside targets in the $3200 area.

Note

We're currently at our 'first trouble area' on the 4 hour marked in red. Noticing a small bounce here, however no real volume yet. Will be eyeing this area to see if we fall through.

Trade closed: stop reached

DukeSilver55

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