LonsdaleDLM

BTC 1H Long Idea

Long
COINBASE:BTCUSD   Bitcoin
Price is starting to form higher highs and higher lows. Waiting for a retest of a previous swing high as support, which is also confluent with the MA200 in the bollinger band. Long to previous swing high area, with stop loss near recent swing low. This is a slightly risky trade as it is counter the macro bearish trend - eg below the MA200 and overall price acion on a HTF level has been bearish, hence why stop loss is fairly tight.
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