Short Price Action on Btc
As clearly as the market can say that it is going down, it tells us that with the closing of such a weak daily candle.
Buyers are blown away by the supply at the significant level. If we add to the downward trend, we can have a good setup for a short position.
As you can see in the picture, the trigger is the daily candle that broke through the support of this upward correction.
For a better entry, you can look for a setup on a smaller time interval. However, if you trade this as a swing trade, then you can also short immediately.
Buyers are blown away by the supply at the significant level. If we add to the downward trend, we can have a good setup for a short position.
As you can see in the picture, the trigger is the daily candle that broke through the support of this upward correction.
For a better entry, you can look for a setup on a smaller time interval. However, if you trade this as a swing trade, then you can also short immediately.
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