Bitcoin short to $62000
2024-09-24

Just recently opened bitcoin short.

Target is $62000 for today. Around that are I anticipate another pullback, from then could look for another entry to short down to 61k depending on price action.

RR is at least 3.8 based on my entry.

My stop is a bit tight at $63568

Ideally since I entered early should have been above $63600 area but I anticipated that this hr it will push lower and stop is sufficient.

Trade aligns with my trade plan. And a short here makes a lot of sense, price is overall high going into weekly resistance.

Internal structure is bearish and earlier price tried a few times to push higher but failed.

Risk is manage  and relatively small-at least on bigger account only 0.5%. On personal risking 10%. let's see how it goes.