BitcoinLong
Trade Plan for BTCUSD
This trade plan consists of 2 possible entries
First entry begins now on the long side at 61,897
SL: 60,768
TP: 64,407
This is a 1:3 Risk to Reward Setup
Now if we end up getting stopped out, I'll look to enter again on the long side at the 60,000 support handle with a stop loss below the lowest point onscreen and the target remaining at 64,407.
Something to consider: If stopped out on first entry, double up on the second entry.
Important Notes: To mitigrate risk, best to place an alert at the 60,000 handle rather than placing a pending buy limit order. This will allow us to monitor momentum to ensure the 60,000 area will remain supported.
First entry begins now on the long side at 61,897
SL: 60,768
TP: 64,407
This is a 1:3 Risk to Reward Setup
Now if we end up getting stopped out, I'll look to enter again on the long side at the 60,000 support handle with a stop loss below the lowest point onscreen and the target remaining at 64,407.
Something to consider: If stopped out on first entry, double up on the second entry.
Important Notes: To mitigrate risk, best to place an alert at the 60,000 handle rather than placing a pending buy limit order. This will allow us to monitor momentum to ensure the 60,000 area will remain supported.
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