"Shorting the King: My $BTC /USDT Short Future Trade
I've opened a short future trade on BTC/USDT! With Bitcoin's recent price action, I believe there's a high likelihood of a correction.
*Trade Details:*
- Symbol:
BTC/USDT
- Position: Short
- Leverage: 5x
- Entry Price: $85,500
*Reasoning:* Bitcoin's RSI is in overbought territory, and the recent rally has been driven by speculation rather than fundamentals. I'm anticipating a pullback to the $82,000-$87,000 range.
*Risk Management:* I've set a stop-loss at $87000 and a take-profit at $82,000. Wish me luck! Do you think I've made the right call? Share your thoughts! #BinanceFutures #BTCUSDT. #ShortTrade