BCHUSD: Buy Opportunity
Here is a possible buy opportunity. The price bounced from 400.00 support zone. We got a reversal candlestick pattern, which is a bullish signal. RSI confirmed the price reversal. The market gives us a possible buy opportunity. It is risky, but it can be profitable if Bitcoin keeps the upward movement.
Entry Price: above 432.75
Stop Level: below 360.00
Profit Level: at 595.00
Risk per trade must be no more than 10% of your capital. If the price breaks 500.00 resistance, it will be possible to move stop orders to breakeven.
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.
Entry Price: above 432.75
Stop Level: below 360.00
Profit Level: at 595.00
Risk per trade must be no more than 10% of your capital. If the price breaks 500.00 resistance, it will be possible to move stop orders to breakeven.
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.
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