weekly breakout for long positon
BBTC today gave a good closing above this channel on both weekly and daily time frame.
A long position can be opened on short-term trade, with resistance around 1400 because of historical resistance, while SL should be the low of today's candle. A good 1:4 risk-reward ratio may be expected here.
A long position can be opened on short-term trade, with resistance around 1400 because of historical resistance, while SL should be the low of today's candle. A good 1:4 risk-reward ratio may be expected here.
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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.