4H BTCUSDT long setup; C-fork trendline retest before bull cont.
TA explained
C-Fork long setup for BTC. Waiting for the pullback of the broken descending trendline to get the trade activated. Entry range is covering Fib 0.382 to 0.786 levels, so we can expect at least the upper entry to get hit.
SL is placed below the latest low. If prices reaches there again, the new local upward trend (HH --> HL) would be invalidated. The target to aim for based on the C-Fork setup is the FIB 0.618 level so we took it as second target.
Trade setup
Best entries: 36051 - 38576
TP1: 43361
TP2: 46984
TP3: 49996
SL: 33950
RR: 3.75
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
C-Fork long setup for BTC. Waiting for the pullback of the broken descending trendline to get the trade activated. Entry range is covering Fib 0.382 to 0.786 levels, so we can expect at least the upper entry to get hit.
SL is placed below the latest low. If prices reaches there again, the new local upward trend (HH --> HL) would be invalidated. The target to aim for based on the C-Fork setup is the FIB 0.618 level so we took it as second target.
Trade setup
Best entries: 36051 - 38576
TP1: 43361
TP2: 46984
TP3: 49996
SL: 33950
RR: 3.75
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
