BBTC trade ideas
weekly breakout for long positonBBTC today gave a good closing above this channel on both weekly and daily time frame.
A long position can be opened on short-term trade, with resistance around 1400 because of historical resistance, while SL should be the low of today's candle. A good 1:4 risk-reward ratio may be expected here.
BBTC - Falling Wedge BOThis script looks amazing on a daily timeframe, but if looked at closely small hurdle is on its way weekly Trendline.
- Gave strong falling wedge breakout with volumes today.
- Weekly RSI (60 Levels) and Weekly Trendline is going to act as resistance
- Has resistance @ 1380-1400 Zone as well but can be overlooked if yearly trendline is broken.
One can go long above purple trendline with SL of 110 WCB