Hello my name is Rohit,
So here is the trade I’m looking out on bitcoin and taken.
The logic behind this trade is its on Fib 50% which is a very healthy retracement level
And also in case that level there is demand zone created
I know there is breakdown of the trend-line but we all know fake breakouts win rates are 60%
And if it is a genuine breakdown so it will retest to trend-line over there we will achieve 1:3 easily as per our risk!
So here is the trade I’m looking out on bitcoin and taken.
The logic behind this trade is its on Fib 50% which is a very healthy retracement level
And also in case that level there is demand zone created
I know there is breakdown of the trend-line but we all know fake breakouts win rates are 60%
And if it is a genuine breakdown so it will retest to trend-line over there we will achieve 1:3 easily as per our risk!
