BTC/USD: long position at the range breakout(h1)
For short-term and medium-term trading, the situation looks like this:
the price left the trading range, but returned to it, bouncing off the strong local support at the 50% Fib level.Moreover, this return looked pretty convincing.
If the price after the breakout did not move towards the breakout, most likely, the sellers did not have enough strength.
I suggest you set stop losses and take profits personally, depending on the situation on smaller timeframes.
the price left the trading range, but returned to it, bouncing off the strong local support at the 50% Fib level.Moreover, this return looked pretty convincing.
If the price after the breakout did not move towards the breakout, most likely, the sellers did not have enough strength.
I suggest you set stop losses and take profits personally, depending on the situation on smaller timeframes.
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.