XBTUSD Trading Setup

#XBTUSD #Bitmex #1hr
- BTC recently broke the recent high and made a higher high.
- Now the previous high might be considered as a major support.
- The trading setup below is worth taking a risk for a mediocre risk-reward ratio.
- Note that the 1hr RSI has shown pretty decent bearish divergence signal.

Short-term Long Trading Setup
EP: 11480.0
SL: 11405.0
TP1: 11580 (RR:1.33)
TP2: 11660 (RR: 2.67)