BTC - Possibility of heavy drop

٢٣ أغسطس ٢٠٢٣

I believe it's a decent short setup. My stop loss will be above "KEY" level. it should not touch there if it's gonna fall. I also believe there is one more HH in the LTF uptrend. I will put a sell limit on 26196.

٢٣ أغسطس ٢٠٢٣

تم فتح الصفقة

٢٣ أغسطس ٢٠٢٣

ملاحظة

The trade is still valid because the movement of price to the upside has not been able to engulf the origin of movement. the KEY level in this chart was based on LTF and my analysis by my own mind. But now, it's ready for down side dump, it is valid unless touching the origin of bearish wave (which is above 27k). don't chase the upside. it's a trap.