BTI at an area of value
BTI setting for a long opportunity, note resistance on a higher time frame.BTI has been playing around this level for a while now, close above R714 trigger a long position. However, a clear bullish setup is above R730, where it'll have cleared the R720-ish resistance level that's on the weekly time frame.R714 is like a low cheat entry, in anticipation to a breakout above R730. It can fail, manage risk accordingly.
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.