After falling to the level of $60K it is not a surprise that major #crypto - $BTC taking a for a trading of on a curtain range. It is possible to see some levels which would form a channel for such fluctuation, $60K - $74K where it is interesting concider to trade from it's borders. In current situation, entering the zone above $70K gave a good possibility for the short position. #stoploss can be concidered above the local tops at $72600 (after closing on 4H timeframe) and #TakeProfits are at levels of $67700, $66300 and if we see solid break and consolidation of the $66K level it migh be possible to close the rest of the position at $63100.
But don't forget that the channels trading works well until the channel is broken, so always use stop losses and #RiskManagement
I will try new type of content, as concise technical overview, without long and boring explanations.
🙏If you like such type content, tips, likes and subscriptions are appreciated.
Also, if you don't want to constantly check charts, or you simply don't have a time youcan follow my copy trade, which I recently started, where I am specifically trading, trying to avoid risks, link the below 👇
Much more interesting content are coming!
Trade smart,
Stay safe!
NFA & DYOR
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