Up trend support reversal to resistance
BTC was looking to finally break the uptrend with a downward impulse.
Used 15m and 30m for entry with the the 30m, 1H and 4H for trade management.
FIB retrace up to the 0.5 level with confluence at the 50 EMA , RSI resisting the 50 level/Upper BB and the uptrend turned into a resistance level.
Placed break even stop at 1% and trailing stop trigger at 2%. Possible exit at confluence of 0.618 Extended FIB and 53600 Support level.
Further exit in the 51k to 49k Support zone for a reversal.
MACD confirming the downtrend near the break even trigger.
BTCUSDTPERP
Used 15m and 30m for entry with the the 30m, 1H and 4H for trade management.
FIB retrace up to the 0.5 level with confluence at the 50 EMA , RSI resisting the 50 level/Upper BB and the uptrend turned into a resistance level.
Placed break even stop at 1% and trailing stop trigger at 2%. Possible exit at confluence of 0.618 Extended FIB and 53600 Support level.
Further exit in the 51k to 49k Support zone for a reversal.
MACD confirming the downtrend near the break even trigger.
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