Great Setup, I have a short position running on BTCUSD right now what do you think?
Flaw7ess
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@DACapitalTrading, Hi, I would put my Stop Loss at break even if were you. You don't need to take more risks knowing that a reversal to the 8250 zone is possible.
I would move my SL to break even, and if the price hits it just wait for a better entry around the 8100-8250 zone.
The take profit should be allocated at 6250 aprox. 5k is too low I think and has less chance to happen.