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$IBIT a BITCOIN ETF Is Breaking Out of a Flat Base

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IBIT I have been looking at this for quite awhile now. I drew in an “area” of resistance, and it has hit that twice in the last few days. I bought a position on Jul 3rd and was stopped out. It just broke again so I have opened yet another position and will use a stop on a close below the 21 EMA (blue).

If you like this idea, please make it your own and trade it only using your own trading plan. Remember, it is YOUR money at risk.

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