Bitcoin trade setup (4.6% gain 4,68R)
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Trade Idea: break of supply zone that was acting as resistance. Probably turned into support. Looking to long all the way to previous breakdown zone
Reasons for trade:
1. 12H, 4H, 2H and 1H close above previous resistance zones. All very bullish
2. 1H stochs look primed for a move upwards
3. 1H 21 SMA is also at entry spot for added support
Trade confidence: 7/10
Trade Idea: break of supply zone that was acting as resistance. Probably turned into support. Looking to long all the way to previous breakdown zone
Reasons for trade:
1. 12H, 4H, 2H and 1H close above previous resistance zones. All very bullish
2. 1H stochs look primed for a move upwards
3. 1H 21 SMA is also at entry spot for added support
Trade confidence: 7/10
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