BTC/USD Will Start The New Week With A LONG Position
In this technical analysis on BTC/USD I will continue my view published earlier on the weekend and show you how to enter BTC now for a successful long position.
I suggested to wait for a retracement towards the bottom support line of the channel in my earlier idea. Since this retracement now has indeed happened, we can start our trading positions.
An entry of around $10,800 will give you a LONG possibility directly on the bottom of the channel. This will make for a trade with fantastic risk reward.
I suggest to place the stop loss somewhere below the bottom support line, for instance around $10,600.
For the take profit you can try to place it somewhere near the top resistance line. For instance around $11,600. This should give you the opportunity for a nice and clean trade of about 6.52%.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
I suggested to wait for a retracement towards the bottom support line of the channel in my earlier idea. Since this retracement now has indeed happened, we can start our trading positions.
An entry of around $10,800 will give you a LONG possibility directly on the bottom of the channel. This will make for a trade with fantastic risk reward.
I suggest to place the stop loss somewhere below the bottom support line, for instance around $10,600.
For the take profit you can try to place it somewhere near the top resistance line. For instance around $11,600. This should give you the opportunity for a nice and clean trade of about 6.52%.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
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