Bitcoin long trade setup is structured as
Entry: 84,300
Stop Loss: 82,800 (Risk: 1,500 points)
Target 1: 86,000 (Gain: 1,700 points)
Target 2: 88,000 (Gain: 3,700 points)
Analysis & Observations:
1. Risk-Reward Ratio (R:R):
Target 1 (86,000): ~1:1.13
Target 2 (88,000): ~1:2.47
The setup favors a good reward potential if the price moves in your direction.
2. Trend Confirmation:
Did BTC break any key resistance before entering?
Are moving averages or indicators (RSI, MACD) supporting the long entry?
3. Price Action & Volume:
If 86,000 is breached, bullish momentum could drive BTC toward 88,000.
Was there strong buying pressure near 84,300, confirming support
Entry: 84,300
Stop Loss: 82,800 (Risk: 1,500 points)
Target 1: 86,000 (Gain: 1,700 points)
Target 2: 88,000 (Gain: 3,700 points)
Analysis & Observations:
1. Risk-Reward Ratio (R:R):
Target 1 (86,000): ~1:1.13
Target 2 (88,000): ~1:2.47
The setup favors a good reward potential if the price moves in your direction.
2. Trend Confirmation:
Did BTC break any key resistance before entering?
Are moving averages or indicators (RSI, MACD) supporting the long entry?
3. Price Action & Volume:
If 86,000 is breached, bullish momentum could drive BTC toward 88,000.
Was there strong buying pressure near 84,300, confirming support
Trade closed: stop reached
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.
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.