$BTC Reason for opening the position: Bitcoin breaks below the neckline at 70,500, forming a double top on the hourly chart. If the price tests higher again, trapped longs will close near the neckline, turning support into resistance.

Suggestion: Short around 70,000
Take profit: 69,000
Stop loss: 70,600

BTC-4,72%

View Original

[The user has shared his/her trading data. Go to the App to view more.]

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes

Reward
1
3
Repost
Share

Comment

Add a comment

IronMask

· 03-26 15:18

This trade ultimately closed with a 1,000-point profit. Thank you for your attention.

View OriginalReply0

IronMask

· 03-26 09:56

Currently, the unrealized profit is 500 points. Please move the stop-loss to the opening price.

View OriginalReply0

IronMask

· 03-26 08:20

Considering that Bitcoin's recent trend has been quite frustrating, everyone can move their stop-loss down to 70,200. We've tested this level twice on the 5-minute chart without a breakout, using a very tight 200-point stop-loss to seek profits.

View OriginalReply0