SIGNAL: BTC
• Direction: SHORT
• Leverage: 10x
• Entry point: 62.870$ (market)
• Take point: $60250, 2nd 58300, 3rd 53500
• Stop: no for now
▫️ Opened a trade for $1000.
Opinion and explanation of the trade:
On the 1D timeframe, the price is testing a strong level and the 100-day moving average is also the resistance there. A retest of the support level is also needed after the overnight impulse and the market has not yet assessed all the risks associated with an aggressive reduction in the Fed rate.
This information does not constitute financial advice or recommendations.