BTCUSD LONG ON 7150 WITH STOP 6500
Notice
1. It is weekly chart and trade for long period. (Not a daytrade) thats why target profit must be bigger too. Risk (on stop level) and profit musr be balanced. You shouldn't risk 1K to make 100.
2. Stop lost must be located somewehere which risk max 2% of your capital and under the uptrend. You can do this by arranging position size.
3. There is a uptrend which support by SMAs and trend lines starting from begining of 2019 but also there is a down trend with clear indication on RSI (ghere is smilar trend there too) and down trend is there longer than up trend. So don't fall in love with the idea, limit your risk with a stop loss level that will be far enough to give chance on this idea.
1. It is weekly chart and trade for long period. (Not a daytrade) thats why target profit must be bigger too. Risk (on stop level) and profit musr be balanced. You shouldn't risk 1K to make 100.
2. Stop lost must be located somewehere which risk max 2% of your capital and under the uptrend. You can do this by arranging position size.
3. There is a uptrend which support by SMAs and trend lines starting from begining of 2019 but also there is a down trend with clear indication on RSI (ghere is smilar trend there too) and down trend is there longer than up trend. So don't fall in love with the idea, limit your risk with a stop loss level that will be far enough to give chance on this idea.
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.