Hi Traders !, I bring you an exciting analysis of Bitcoin on the 1-hour timeframe. We’re looking at a potential breakout from an ascending wedge, which could give us an excellent opportunity to go long. 🚀
The VIP Scalping Oscillator is showing positive momentum with green, as indicated by the green bars. The RSI is around 60, signaling strength in the trend.
Trade Values: Entry Price: 99,032.95 USDT Take Profit (TP): 102,314.81 USDT Stop Loss (SL): 95,866.63 USDT
Risk/Reward Ratio (R:R): This trade offers a favorable ratio, allowing me to seek a strong return while keeping the risk under control with a well-placed Stop Loss.
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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.