Long on BTC/USDT – 4H Timeframe
Updated
We have entered a long position on BTC/USDT on the 4-hour timeframe after the trade was triggered at a key support level. The strategy is to leverage this 4-hour support zone with the goal of targeting the previous high. We will be actively monitoring this trade and making adjustments as the price action unfolds.
Key Levels:
• Entry: Initiated at the current support level on the 4-hour chart, where buyers have historically stepped in.
• Target: Aiming for a move towards the previous high, where the price may encounter resistance.
• Stop-Loss: Placed below the support level to protect against further downside risk, ensuring a favorable risk-to-reward ratio.
Rationale:
This trade is based on the assumption that the 4-hour support will hold, providing a springboard for a move back towards the previous high. The technical setup aligns with a potential bullish reversal, but we remain cautious given the market’s volatility.
Risk Management:
We will be actively monitoring this position, ready to adjust stop-loss levels and take partial profits as the trade progresses. The focus is on managing risk effectively while capitalizing on the potential upside.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Key Levels:
• Entry: Initiated at the current support level on the 4-hour chart, where buyers have historically stepped in.
• Target: Aiming for a move towards the previous high, where the price may encounter resistance.
• Stop-Loss: Placed below the support level to protect against further downside risk, ensuring a favorable risk-to-reward ratio.
Rationale:
This trade is based on the assumption that the 4-hour support will hold, providing a springboard for a move back towards the previous high. The technical setup aligns with a potential bullish reversal, but we remain cautious given the market’s volatility.
Risk Management:
We will be actively monitoring this position, ready to adjust stop-loss levels and take partial profits as the trade progresses. The focus is on managing risk effectively while capitalizing on the potential upside.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Trade active
The trade is currently running with a 5% profit. It’s time to adjust accordingly: take partial profits, reduce your risk, or move your stop-loss to break even to make it a risk-free trade. We’re at a great level to manage this position effectively. Let’s see what the Asian session brings us! Enjoy the profits!Trade closed: stop reached
The BTC trade has been stopped out. However, we managed the trade well, reducing the risk significantly, making it a risk-free trade in the end. Well done! Remember, proper risk management is key to staying in the game for the long term. Enjoy your trading, and keep up the great work!
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