Trading plan for BTC breakout
Updated
Trading Plan
Rational:
1. Cup with 2 handles with 3K gain from 9050 level
2. Daily 128MA @ 10500 - Major Resistance expecting rejection back to 8K-7K
3. Daily 200MA @ 8200 - Major Support (with interim level @ 8900)
4. Awaiting for TD9 on weekly for reversal upwards (3 more weeks) to moon
Trades:
1. Entry @ 8850 - Completed (no stop loss - long if needed)
2. Exit @ 9988 (top target: Daily 128MA @ 10500)
3. Entry @ 8928 (low target: Daily 200MA @ 8200)
4. Exit @ 11567 (top target: 12245)
5. Entry @ 10K then hold to 12K-15K: Re-evaluate in 3 weeks
This plan is speculative with supported analysis to minimize risks - trade at your own risks.
Good Luck - JP
Rational:
1. Cup with 2 handles with 3K gain from 9050 level
2. Daily 128MA @ 10500 - Major Resistance expecting rejection back to 8K-7K
3. Daily 200MA @ 8200 - Major Support (with interim level @ 8900)
4. Awaiting for TD9 on weekly for reversal upwards (3 more weeks) to moon
Trades:
1. Entry @ 8850 - Completed (no stop loss - long if needed)
2. Exit @ 9988 (top target: Daily 128MA @ 10500)
3. Entry @ 8928 (low target: Daily 200MA @ 8200)
4. Exit @ 11567 (top target: 12245)
5. Entry @ 10K then hold to 12K-15K: Re-evaluate in 3 weeks
This plan is speculative with supported analysis to minimize risks - trade at your own risks.
Good Luck - JP
Trade active
Exited @ 9988
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