Technical analysis by ChartTrail about Symbol BTC: Sell recommendation (12/20/2023)

Although the trend on a larger timeframe supports upward movement, short sell plays also provide a noteworthy risk-to-reward ratio. Therefore, short trades have larger reward comparing to the long trades at this moment Trading Strategies; 1) Scale in short at only 30% of the desired positions at this moment/supply zone around 44k-44.5k 2) Move in to 100% of short position at 45k-47k 3) SL if the price goes beyond 48k Note: Trading against trend is considered as a high risk taking trade. Please ensure to follow the plan and stop loss when required. Most importantly, understand your position sizing and accept the amount of money you can lose before going in on a trade