Waves / Bitcoin
Long
Updated

Possible rally imminent - Trailing Stop Loss?

147
Looking at the hourly chart, there appears to be some support around the 0.00014800

I am a noob, but I think a rally beyond 0.00016000 is possible over the next ~6 hrs. I am wondering if now is a good opportunity to buy, and use a trailing stop loss to help secure gains?
Note
Looking again I wonder if more evidence of a rally is required before trading. The MACD is looks unfavourable.

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.