Bitcoin: Example of a Long Trade from 10 000$
Updated
The price reached the support zone at 10 000USD. We got a reversal signal in the 4H chart. RSI and MACD confirmed the price reversal. It gives us a new buying opportunity.
Here is an example of a long trade:
Buy above 10 350USD
Stop below 9950USD
Profit Target at 11 450USD.
Risk per trade should be no more than 5% of the trading capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a long trade:
Buy above 10 350USD
Stop below 9950USD
Profit Target at 11 450USD.
Risk per trade should be no more than 5% of the trading capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Note
The trading idea is workable. If the price breaks 10 000USD and stays below a new resistance, we will search for new trade opportunities.
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.