BTCUSDT - BULLISH OUTPLOOK
BTCUSDT is currently displaying a series of lower lows (LL) and lower highs (LH). However, there's a notable bullish divergence on the 1-hour time frame, indicating potential strength for a bullish reversal.
Consider entering a long position on BTCUSDT breaks above the last lower high. Place a Buy Stop order at 41580 with a stop loss (SL) at 40290 to effectively manage risk.
The suggested take-profit (TP) level is set at 1:1 risk-reward ratio:
Take Profit 1 = 42870
This trading strategy aims to capitalize on a potential bullish reversal. As with any trade, closely monitor the market and adjust your strategy accordingly based on evolving price action
Consider entering a long position on BTCUSDT breaks above the last lower high. Place a Buy Stop order at 41580 with a stop loss (SL) at 40290 to effectively manage risk.
The suggested take-profit (TP) level is set at 1:1 risk-reward ratio:
Take Profit 1 = 42870
This trading strategy aims to capitalize on a potential bullish reversal. As with any trade, closely monitor the market and adjust your strategy accordingly based on evolving price action
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