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BTC/USD: Consolidating Above $60,000
Go long after a bullish price action reversal on the H1 timeframe following the next touch of $61,180, $59,807, or $58,309. Put the stop loss $100 below the local swing low. Move the stop loss to break even once the trade is $100 in profit by price. Take off 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to run. Short Trade Ideas Go short after a bearish price action reversal on the H1 timeframe following the next touch of $62,321, $62,664, or $65,722. Put the stop loss $100 above the local swing high. Move the stop loss to break even once the trade is ... (full story)
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- Posted: May 15, 2024 6:54am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 346
