BTC Long

מעודכן
Swing Trade (Daily,4H)

On daily price is in Buyers territory. We hit the Support Level 5850 USD. This is a conservative entry and proper Risk Management needs to be taken. We have taken out the last sellers with strong momentum on 4H TF and a test is done that price couldn't able to go LL.

Entry: 6352 USDT
TP: 7083 USDT
Stop loss: 5530 USDT
Position Size: 1% Risk on your capital USDT/832 USDT
Risk/Reward: 1:1.5 RR>1 is maintained.
If TP is hit then we will be at 10% profit.

What can go wrong with this trade?

As we are facing a wall near 6527 USDT if that breaks then there is no hicks ahead.
Buy from Sellers and Sell from Buyers.
עסקה סגורה: היעד הושג
We have reached the target and ATM buyers are pretty aggressive, and price can move a little higher than the target, the reason for the TP area is price is ranging and sellers and buyers are maintaining equilibrium.
Beyond Technical AnalysisBTCUSDTpoloniex

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