BTCUSDT
has been in a tightening range for too long! As we have seen in the past, the longer BTCUSDT stays in a tight range, the more explosive the move. Our indicator printed a short, and has us in a comfortable position with a nice R:R.
My gut tells me that the break will happen real soon and when it does, prepare for a $1000+ candle.
Position:
Short - $9,319.72
Stop - $9,580
1st Target - $8,590 (Taking half off and letting the rest ride)
Let's see how this plays out!
Happy trading and stay protective.
Lucron
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