As we discussed earlier, the triangle pattern broke confirmed and retested, presenting a potential shorting opportunity for Bitcoin (BTC). However, let's ensure a measured approach:
Low Leverage (Consider 2x): Shorting is inherently risky. Limit your leverage to minimize potential losses. While we discussed low leverage, consider 2x as an example.
Small Position Size (1% of Capital): Allocate a small portion of your capital, like 1%, to this trade. This protects your overall portfolio from unexpected price swings.
Ladder Out Strategy: If the price goes higher, you can ladder out at the levels marked on the chart. This allows you to progressively capture profits as the price falls. $BTC #bitcoinhalving #BTCHalvingApril2024 #BitcoinHalvingDrama #write2earn #TradeNTell"