We got 7 green candles on the daily We got a bullish engulfing on the weekly We got a breakout (rejected ATM but we broke it still) of the downtrend (from 13.9 to 9k) We got a nice golden cross on the 3d We got a lot of bullish signs going on So I'd like to be bullish here
But somehow we r back in the downtrend so as long as 13.2 is not broken I can't call it 100% bullish
This trade is a 6/10 risky But the R:R is too good to ignore it
Entry : above 12350
Take profit : 13k , if BTC manage to break the résistances (13.2) then I'll target 18k , 22k , 28k
Stop-loss will be 12100$
If u wanna know why my stop-loss is so tight ... 1) when BTC is in a movement like this one the breakout of the lowest top (12250 approx) should be a huge 500$ candle .
2) If we don't get that on the 4h next to the breakout then the breakout might be a faked one so I'll have a tight stop-loss to prevent from bear trap .