I was looking at a quick BTC trade after looking at the price action and structure being created.
Entered after structure created for a long to test the structure highs that BTC rejected several times off of.
I don't have alot of BTC left on Bybit as I started cashing some of it out. So not trading with alot of volume but the trade is already up 18%.
Entry was at 49050
Target is 51400 with small runner
T1 is 50000
T2 is 51000
SL is risk free at 49250.
Lets see if can reach the target.
Let me know your thoughts.
Trade Safe!
HEET
Entered after structure created for a long to test the structure highs that BTC rejected several times off of.
I don't have alot of BTC left on Bybit as I started cashing some of it out. So not trading with alot of volume but the trade is already up 18%.
Entry was at 49050
Target is 51400 with small runner
T1 is 50000
T2 is 51000
SL is risk free at 49250.
Lets see if can reach the target.
Let me know your thoughts.
Trade Safe!
HEET
Trade active
Note
TP1 hit as I was preparing this idea.Note
SL moved up to 49500. Strong momentum upwards still.
Note
Moved TP2 to 50850.00 as there will be more resistance at this level. Note
TP2 just hitSL moved to 50150
Remaining position will be left running
Note
SL moved to 51400, my original target.Trade closed: target reached
I'm out. SL hit. All targets hit. (Stop loss was my target)Rejected right below the key level. It still has a chance to continue up but my guess, it will eventually come back down.
Note
Not only did it come back down as expected, it came down exactly back to the support zone. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.