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๐Ÿ“ˆ Bitcoin Price Mini Update - May 2nd, 2023

In Profit, based on trade setup from my last comment, in my previous post. โœ…

Trailing Stop in place. ๐Ÿ›ก๏ธ
I'll likely just let this trade ride out for now, and see what the price chart looks like tomorrow.


[big]Previous Comment (Trade Setup):[/big]

I'm taking a chance at catching some Buys here, as price retraces to and below the support line of my channel.

I didn't manage to catch the Drop from the Top (Middle of Channel), as I wasn't comfortable Shorting from there, given:

1) The prior consolidation before hitting the Top

2) That last up-move before the drop, started close to the channel top, and could have risked blasting above.

3) I don't like to place my orders AT the Support/Resistance line,
I prefer to place it behind (at the risk of missing the trade), and attempt to catch the over-throw/spike, for a safer entry.

So, even if I did attempt to Short the Top, before yesterday's drop, I'd likely have not get filled, since my orders would have been behind the upper resistance.

That last move up barely touched resistance, before dropping.
Bullish af

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