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BTC/USD: More Bearish Consolidation
My previous BTC/USD signal last Monday produced a nicely profitable long trade entry from the bullish bounce when the support level at $68,243 was first reached. Long entry after a bullish price action reversal on the H1 timeframe following the next touch of $68,598, $68,243, or $67,088. Place the stop loss $100 below the local swing low. Adjust the stop loss to break even once the trade is $100 in profit by price. Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride. Short Trade Ideas Short entry after a bearish price action reversal on the H1 ... (full story)
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- Posted: Jun 10, 2024 7:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 260
