From TradingView · · 30s
Bitcoin Breaks Resistance
Bitcoin drops after breaking 50MA resistance on Binance Futures.
In brief
Bitcoin drops after breaking 50MA resistance on Binance Futures. Bitcoin fell 38.5% from entry price after breaking 50MA resistance on Binance Futures. Originally reported by TradingView.
Bitcoin resistance break
Bitcoin just got rejected on 50MA resistance.
“BTC (Bitcoin) just got rejected on 50MA resistance, seems likely to retrace down to 200EMA support next”
Short trade setup
Short position opened at 82944.9 with 18.0X leverage.
Trade closed
Stop loss hit after 3 weeks with 38.5% loss.
“SL hit with -1.0R BTCUSDT.P Stop Target Hit ⛔ Loss: 38.4588% 📉 BTC regained 50MA in the end”
In short
Bitcoin fell 38.5% from entry price after breaking 50MA resistance on Binance Futures.
