TRB / BitcoinLong
TRBBTC 12H long setup; Targeting top of the accumulation zone
TA Explained
TRB ranges in this horizontal zone for some time now. After the bounce on the support zone and the break of the descending trendline a upward move can be expected. After the break of the TL a pullback into the entry zone would be the best way to enter a position.
SL can be pretty tight because the setup will be invalidated if support is lost.
Trade setup
Best entries: 0.001254 -0.001322
TP1: 0.001642
TP2: 0.001893
TP3: 0.002299
SL: 0.001141
RR: 6.82
Max leverage: na
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
TRB ranges in this horizontal zone for some time now. After the bounce on the support zone and the break of the descending trendline a upward move can be expected. After the break of the TL a pullback into the entry zone would be the best way to enter a position.
SL can be pretty tight because the setup will be invalidated if support is lost.
Trade setup
Best entries: 0.001254 -0.001322
TP1: 0.001642
TP2: 0.001893
TP3: 0.002299
SL: 0.001141
RR: 6.82
Max leverage: na
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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.
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.