#BTCUSDT #1h (ByBit) Descending trendline breakout for BYBIT:BTCUSDT.P by TradingOn

#BTCUSDT #1h (ByBit) Descending trendline breakout

Bitcoin seems to have found bottom and is forming a local uptrend, looks good for bullish continuation after regaining 100EMA support.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (13.0X)
Amount: 4.9%

Current Price:
57720.9

Entry Targets:
1) 57411.4

Take-Profit Targets:
1) 60987.5

Stop Targets:
1) 55618.9

Published By: @Zblaba

#1h #Bitcoin #PoW bitcoin.org

Risk/Reward= 1:2.0
Expected Profit= +81.0%
Possible Loss= -40.6%
Estimated Gaintime= 2-3 days

Trade active

All entry targets achieved
Average Entry Price: 57411.4 💵

is pulling back to 100EMA support where a bounce seems likely.

Trade closed: stop reached

Stop Target Hit ⛔️
Loss: 40.5886% 📉

lost local support after all, seems like it was another fake-out.

Note

Would be back in profit

stop hunted us then printed a morning star and regained 100EMA support, making a Higher High (HH).
Initial target remains valid, if you are still in you could protect the trade by updating SL to BE.

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