Here is a setup i have worked on for a long position. It is well detailed for better understanding.
So these are possible scenarios that might happen. If bitcoin remains bullish the next few days, the scenario with the green line as drawn on the chart will most likely happen (from my P.O.V).
I have a long position on this crypto and i might keep holding unless it starts showing bearish signs.
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.