Long in BTCUSD

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BTCUSD

Consider entering a long position once the price breaks above the high of the green candle, indicating a potential upward momentum. Place the stop loss (SL) at the recent swing low for risk management.

Target Levels:

Target 1: 63,927
Target 2: 64,749

This trade setup aligns with the breakout from a falling wedge pattern, which is a bullish reversal formation. The price consolidates within the wedge, and a breakout above the upper trendline suggests the potential for a sustained upward move.

Disclaimer:
This is for educational purposes only and not financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always perform your own analysis or consult a financial advisor before entering any trades.

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ملاحظة

Nearing target 1. Hence trail your SL

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ملاحظة

Target 1 reached. Safe trader can exit and rest can trail with CTC

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ملاحظة

Was very close to target 2. Hence move your trailing stop loss to 64,287.

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أغلقت الصفقة: تم الوصول للهدف

TSL hit. Hence this trade is successfully closed