BitcoinLong
BTC/USD Trade Setup: False Breakout and Impulsive
As the price approached the lower zone on the 4H chart, we switched to the 1H timeframe, where we looked for a buy opportunity after a false breakout. Our target was set at the open level, but after an impulsive bullish candle, we exited the trade with a 1:2 risk-reward ratio.
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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.