This hedge long got swept out—it’s not unfair, because the confluence wasn’t strong to begin with. Now closely watch the dense chip zone at 68.8k–70.4k; once it gets there and conditions are in place, then jump back in.

View Original
CryptoZeno
$BTC Hedge Long was Stopped out with a -0.5% Loss.

Risk was lower on this one due to it being a low confluence trade.

Now that we have broken below the Weekly S/R level, I will be looking for a tap into the 70.4k-68.8k region. This is the stronger area of support where we are more likely to see a bounce coming from.

I will be looking for a re-entry long from that region while also securing some profits from the Swing Short we're holding, as mentioned in the previous update
repost-content-media
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned