Bitcoin trade setup (4.6% gain 4,68R)
Leave a like if this helps you :)
Trade Idea: break of supply zone that was acting as resistance. Probably turned into support. Looking to long all the way to previous breakdown zone
Reasons for trade:
1. 12H, 4H, 2H and 1H close above previous resistance zones. All very bullish
2. 1H stochs look primed for a move upwards
3. 1H 21 SMA is also at entry spot for added support
Trade confidence: 7/10
Trade Idea: break of supply zone that was acting as resistance. Probably turned into support. Looking to long all the way to previous breakdown zone
Reasons for trade:
1. 12H, 4H, 2H and 1H close above previous resistance zones. All very bullish
2. 1H stochs look primed for a move upwards
3. 1H 21 SMA is also at entry spot for added support
Trade confidence: 7/10
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.