Bitcoin: Example of Long Trade
As we can see the price is moving at 10 000$ support. We can use the daily chart and build a trading idea based on a possible price reversal from the support zone. MACD and RSI are going to support an upward movement.
Here is an example of a possible long trade:
Buy above 10 350$
Stop below 9750$
Profit Target at 11 950$
Risk per trade should be up to 10% from the capital.
If the price breaks the support zone, the next buying opportunity will be from SMA200 if the price bounces from it.
What do you think about such trade? Are you going to buy Bitcoin above 10 000$ or you expect better prices? Share your ideas in comments.
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 possible long trade:
Buy above 10 350$
Stop below 9750$
Profit Target at 11 950$
Risk per trade should be up to 10% from the capital.
If the price breaks the support zone, the next buying opportunity will be from SMA200 if the price bounces from it.
What do you think about such trade? Are you going to buy Bitcoin above 10 000$ or you expect better prices? Share your ideas in comments.
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.
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.