Long

BTC Touching bottom of channel - BTC Long

Updated

A drop below the channel I would see as breaking down so have the stop set quite tight - Stops and TP in the drawing

Note

I'm starting taking a much more structured approach to my trading (including actually tracking my thought process)
I usually focus on the chart and don't give a huge amount of weight to the RSI/TTM Squeeze momentum, but is helpful in confirmation.

Not 100% confident in the trade due to sitting just below a resistance point and only two touches on the channel lower bound (hence the tight stop)

Would appreciate any feedback

Trade closed: stop reached

Quite clearly stopped out, if we get a more solid bounce off this resistance (in yellow) I'll be looking to tentatively go long but not looking great at the moment

Trade closed: stop reached

Support quite clearly breached

OriginalGravity

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