Bitcoin day trade long idea
Updated
After showing such a spectacular run up from 10k support, the run up is looking exhausted, however, the liquidity pool at 11130 seems to be attracting price at the moment.
I like the R/R for this long setup, as it gives a clear invalidation level at 10700 as we witnessed a clear stop run before the push up.
However, I am wanting to keep my risk lower and use a tight stop, placing it just under the body of the bullish orderblock marked in green.
Target: 11130$
Entry: 10790-10810$
Stop loss- 10752.5$
I like the R/R for this long setup, as it gives a clear invalidation level at 10700 as we witnessed a clear stop run before the push up.
However, I am wanting to keep my risk lower and use a tight stop, placing it just under the body of the bullish orderblock marked in green.
Target: 11130$
Entry: 10790-10810$
Stop loss- 10752.5$
Trade active
Entry triggered, we saw a good reaction from my entry point.Moving stop up to 10766, keeping risk minimum.
Cheers!
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