A trader may initiate a long position in Bitcoin with a 15-minute time frame, The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of $22917 and a protective stop loss set at the recent swing low of 23010. The potential reward to risk ratio is 5.
Trade Setup
Time Frame : 15 Mins Entry Fib Level: 22917$ Target : 22720 $ Stop Loss : 23010 Risk Reward : 6