BTCUSD- Trading Plan, Sell!
2024-11-13

BTCUSD- Trading Plan, Sell!

If Bitcoin reaches $90,000, there may be potential for a short-term pullback due to a stop-loss (SL) hunt scenario, where larger market players could push prices up to trigger stop orders before initiating a drop. For this short  position, watch for signs of exhaustion around 90K on shorter timeframes,  or look for bearish confirmation such as a rejection pattern or increased selling volume after a wick above key  resistance.

Using a tight stop-loss just above 90K can manage risk if the SL hunt causes volatility.