BTC - A look at 12H chart - Possible bounce back
Updated
#BTC/USDT #Analysis
Description
---------------------------------------------------------------
+ BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K.
+ It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the resistance line.
+ We'll consider initiating a long trade once the resistance breakout is confirmed.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 73000
Stop Loss: 64000
------------------------------
Target 1: 77000
Target 2: 79000
Target 3: 82000
Target 4: 86000
------------------------------
Timeframe: 12H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Description
---------------------------------------------------------------
+ BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K.
+ It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the resistance line.
+ We'll consider initiating a long trade once the resistance breakout is confirmed.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 73000
Stop Loss: 64000
------------------------------
Target 1: 77000
Target 2: 79000
Target 3: 82000
Target 4: 86000
------------------------------
Timeframe: 12H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Note
Price hit our support lineOrder cancelled
Price broke down from the support line. Trade cancelled.
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
Related publications
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.