Bitcoin: New Buying Opportunity
Updated
The market gives us another trade opportunity based on the 1H timeframe. The price reached the resistance zone formed by SMA200 and 10 400$ resistance. We have a local swing high which can be used as an entry point in combination with a breakout signal.
Here is an example of a long trade:
Buy above 10 485$
Stop below 10 165$
Profit Target at 11 245$
Risk per trade must be no more than 10% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a long trade:
Buy above 10 485$
Stop below 10 165$
Profit Target at 11 245$
Risk per trade must be no more than 10% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Note
The price didn't activate the pending orders for buying.
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.