Triangle with resistance at $67.
Longed at $68.7 with a risk reward of 3.8 and a stop loss of -11% below the lowest low of the structure (break in market structure).
Possible scenarios: breakout to the upside from here (weekend) to target $74 (previous SR) either reaction before or after breakout with a retest
breakout to the downside if BTC corrects on Monday: possible due to market conditions worsening and S&P continuing its slide
Longed at $68.7 with a risk reward of 3.8 and a stop loss of -11% below the lowest low of the structure (break in market structure).
Possible scenarios: breakout to the upside from here (weekend) to target $74 (previous SR) either reaction before or after breakout with a retest
breakout to the downside if BTC corrects on Monday: possible due to market conditions worsening and S&P continuing its slide
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.