Trade Idea
Risk/Reward Ratio: ~2.9:1
Duration: Intraday
Expires: 28/05/2025 12:00
Technical Overview
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Buy Limit
- Entry: 108,050
- Target: 111,850
- Stop Loss: 106,750
Risk/Reward Ratio: ~2.9:1
Duration: Intraday
Expires: 28/05/2025 12:00
Technical Overview
- Bitcoin continues to hover near all-time highs, maintaining a bullish structure of higher highs and higher lows.
- Current price action suggests temporary pullbacks are healthy within this trend.
- Yesterday's low and the 50-period 4H EMA (~107,956) should act as strong support.
- The strategy is to buy dips into this zone, anticipating a bounce toward resistance at 111,850.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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.