#BTC/USDT 4h (OKX Futures) Rising wedge on resistance

Bitcoin seems likely to retrace down to 100EMA support next.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.7X)
Amount: 5.0%

Entry Targets:
1) 73190.8

Take-Profit Targets:
1) 65265.2

Stop Targets:
1) 77163.5

Published By: @TradingOn

BTC #BTCUSDT

Risk/Reward= 1:2.0
Expected Profit= +40.1%
Possible Loss= -20.1%

Trade ist aktiv:

OKX Futures
BTCUSDT.P All entry targets achieved
Average Entry Price: 73190.8 💵

BTC wicked up as planned so far, entry very nicely caught.

Kommentar:

Already more than halfway to target, that was fast! 😅

Kommentar:

Back to entry, volume is definitely low, smells like bull trap.

Kommentar:

Volume was definitely a hint for fakery, rejected at entry again and an evening star is forming now.

Kommentar:

Not the candle body I expected but kind of evening star anyway, still looks like a local top to me.

Kommentar:

Long legged doji now with a bearish divergence between price and volume, looks like uptrend exhaustion.

Kommentar:

Here you go, first bearish body candle since 5 of March