BTC Potential LONG trade
Anticipating the further drop through 29.500 for Bitcoin, this is a potential LONG trade opportunity. I would assess this as MEDIUM risk for now, but that could change depending on the PA after releasing this and fundamentals such as the inflation rate numbers next week!
The Take Profit level on this trade is quite conservative, it could be extended to 30,250 USD.
ENTRY: 28,800
SL: 28,482
TP: 29,537
RR: 2.33
Good to know: If we get a strong bounce off 29,000, this becomes invalid. There might be enough momentum to get this move again from the entry level, but I won't risk it.
Cilinix Crypto
The Take Profit level on this trade is quite conservative, it could be extended to 30,250 USD.
ENTRY: 28,800
SL: 28,482
TP: 29,537
RR: 2.33
Good to know: If we get a strong bounce off 29,000, this becomes invalid. There might be enough momentum to get this move again from the entry level, but I won't risk it.
Cilinix Crypto
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Make sure to check out our YouTube channel for more detailed analysis and education on multiple topics.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.