BTC UPDATE : Best Reward Ratio Opportunity is Here..

BTC UPDATE

Link to the chart: https://www.tradingview.com/x/3RCzdzWA/

It looks like BTC decided to spend some time in 6300 area but the last 4h close is again showing downtrend momentum and targeting low bb h4.

If you want to trade then, perfect stop loss is at 6390 but for me it is not that close so if you want tight stop loss, I suggest 6345 because if we go above that area we could easily invalidate this bearish trigger.

Target is at low bb as I said ( 6100 ) but I think this time it is not going to close below low bb h4 but make only a wick so be ready for taking profit if we fall down.

This is risky because we have still downtrend momentum but we dropped quite a lot and bounce to test some of broken support can happen anytime soon so I suggest to hold stop loss and move step by step and hold just a little bit above midbb h1.

So potential loss $50, potential profit $200. It is 4:1 riss reward ratio and I think it is good time to make some gains.

Closed part of the profit, moved stop loss to 6345 and now waiting for more profit! If it turns against us, we will still be in small profit! So no loss at all with this trade!