BITCOIN: Swing Low Pump
Updated
If I have learned something in my +5 years trading crypto is that BTCUSDT can pump any time and anywhere.
We had a few strong PUMPS after periods of downtrend in this recent bull market.
I'm opening a long position right here, we might get a PUMP similar to the last one.
In the thicker lines, we can see the Weekly Support and resistance, and in the dotted line the 1HR support.
Volume seems to be picking up steam, so we might get a proper PUMP.
While the Ichimoku cloud is quite bearish as it's above us and has already shown a Kumo twist, we have bullish clouds on the 4HR and weekly, with a possible support cloud in the Daily.
Based on all this, I'm going long with a pretty close Stop and a trailing stop.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS KEY TO SUCCESSFUL TRADING.
We had a few strong PUMPS after periods of downtrend in this recent bull market.
I'm opening a long position right here, we might get a PUMP similar to the last one.
In the thicker lines, we can see the Weekly Support and resistance, and in the dotted line the 1HR support.
Volume seems to be picking up steam, so we might get a proper PUMP.
While the Ichimoku cloud is quite bearish as it's above us and has already shown a Kumo twist, we have bullish clouds on the 4HR and weekly, with a possible support cloud in the Daily.
Based on all this, I'm going long with a pretty close Stop and a trailing stop.
ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS KEY TO SUCCESSFUL TRADING.
Note
So far, so good.Let's see how much up can we go.
Trade closed: stop reached
My trailing stop at 0.5% closedNote
And PUMPED IT DID!
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.