BTC: Preparing LONG trade setup
If price rejects the 50% line (42654 level), price may break the bull's line and attempt to reach the target, 43700 level.
Place LONG order after a price breakout of the bull's line.
However, if price breakdown the 50% line, I would wait for price to reach the levels between 41600 and 42100. I would place LONG order after the price rejected these levels (using price action i.e. fractals). Use standard 1:2 risk ratio.
/please DYOR/trade at your own risk
Place LONG order after a price breakout of the bull's line.
However, if price breakdown the 50% line, I would wait for price to reach the levels between 41600 and 42100. I would place LONG order after the price rejected these levels (using price action i.e. fractals). Use standard 1:2 risk ratio.
/please DYOR/trade at your own risk
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