Burji Chart
4.6K posts
@Burji_Chart
Trader & Chartist | An Introvert With Utmost Regard For Privacy | Uphold Strict Standards—No Room For Nonsense.
🇮🇷 A few ships are slipping through 7 transits in 24h, up from near zero, with Chinese tankers leading. Still 12% of normal, most ships waiting. Until full reopening, low insurance, and real confidence, oil stays high. A tiny win, but far from normal.
$BTC Swing Short Update Each hedge represents 50% of my short position. If both get filled, it will fully hedge my short. The reason I have hedged is because we’re at a critical structural area. My primary target is still sub-60K, but as I mentioned in my video update, we could range for a while before breaking below 60K. This hedge is simply to protect profits after capturing a 10% drop. If my hedge long gets stopped out, I’ll be looking for long entries below 60K on a sweep and will start gradually closing my swing short. My ultimate target for this short remains 58K. For this hedge, I’m aiming for 67.8K and 69.5K. I’m willing to risk 2–3% of my short if this long hedge doesn’t work out. Either way, my risk remains delta neutral, as this is my first hedge long since testing 72K+. For now, this is my current plan.
