BUY: 5.79 – 6.12
TARGETS:
1) 10
STOP: 4h candle close below 4.9
Rationale:
-Price is moving upwards in a channel and broken through a key level (in blue).
-Price has touched the top of the channel multiple times and is showing strength to break through.
-As long as price remains above the key level we are bullish.
-Expect a small retracement back to the buy zone before bouncing up.
-If bitcoin dumps I would suggest cutting this position early and waiting for the market to stabilize before entering again.
Your risk, your reward. This is not financial advice.
Happy trading.
TARGETS:
1) 10
STOP: 4h candle close below 4.9
Rationale:
-Price is moving upwards in a channel and broken through a key level (in blue).
-Price has touched the top of the channel multiple times and is showing strength to break through.
-As long as price remains above the key level we are bullish.
-Expect a small retracement back to the buy zone before bouncing up.
-If bitcoin dumps I would suggest cutting this position early and waiting for the market to stabilize before entering again.
Your risk, your reward. This is not financial advice.
Happy trading.
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Join my Discord - see www.ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
www.ftx.com/
partner.bybit.com/b/Forge
www.binance.com/en/register?ref=13128793