BTC Long
Updated
Swing Trade (Daily,4H)
On daily price is in Buyers territory. We hit the Support Level 5850 USD. This is a conservative entry and proper Risk Management needs to be taken. We have taken out the last sellers with strong momentum on 4H TF and a test is done that price couldn't able to go LL.
Entry: 6352 USDT
TP: 7083 USDT
Stop loss: 5530 USDT
Position Size: 1% Risk on your capital USDT/832 USDT
Risk/Reward: 1:1.5 RR>1 is maintained.
If TP is hit then we will be at 10% profit.
What can go wrong with this trade?
As we are facing a wall near 6527 USDT if that breaks then there is no hicks ahead.
Buy from Sellers and Sell from Buyers.
On daily price is in Buyers territory. We hit the Support Level 5850 USD. This is a conservative entry and proper Risk Management needs to be taken. We have taken out the last sellers with strong momentum on 4H TF and a test is done that price couldn't able to go LL.
Entry: 6352 USDT
TP: 7083 USDT
Stop loss: 5530 USDT
Position Size: 1% Risk on your capital USDT/832 USDT
Risk/Reward: 1:1.5 RR>1 is maintained.
If TP is hit then we will be at 10% profit.
What can go wrong with this trade?
As we are facing a wall near 6527 USDT if that breaks then there is no hicks ahead.
Buy from Sellers and Sell from Buyers.
Trade closed: target reached
We have reached the target and ATM buyers are pretty aggressive, and price can move a little higher than the target, the reason for the TP area is price is ranging and sellers and buyers are maintaining equilibrium.
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