BITCOIN : Long Position with Good Risk/Reward Ratio (TF = 1D )
Updated
Even if I stay in the medium-term short position at Bitcoin (on related ideas ), a long position on the daily chart contains a good risk / reward ratio.
It is observed that there is money entry in the market.
The 20-day average of volume has risen as the price decreases, which may indicate that traders are collecting at low prices.
Of course we can't predict the time, but I think it's a good move to stay in the game.
To further explain the risk of this position, my parameters:
POSITION SIZE : %1
RISK/REWARD RATIO : 1/3
STOP-LOSS : 6893.6
GOAL : 8361.4
It is observed that there is money entry in the market.
The 20-day average of volume has risen as the price decreases, which may indicate that traders are collecting at low prices.
Of course we can't predict the time, but I think it's a good move to stay in the game.
To further explain the risk of this position, my parameters:
POSITION SIZE : %1
RISK/REWARD RATIO : 1/3
STOP-LOSS : 6893.6
GOAL : 8361.4
Trade active
Positive Divergence :Those who wish to further stretch the stop-loss level.
Or you can manually close their positions at a close below the stop level.
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