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$BTC Update:
It did exactly what I was expecting, rejected from the upper trendline and started moving lower.
We haven't seen the bounce back toward the entry area I was hoping for, so my short position is only partially filled for now. Still, I’ve opened a small short position as mentioned earlier.
For the risk management, I'm keeping the previous daily candle's high as my SL. If BTC closes a daily candle above that level, I'll consider the setup invalid.
Now watching how price reacts from here.
The breakdown is already in progress, but I’d still like to see further confirmation before adding more to the position.
#Bitcoin