Trade idea BTC/USDT
BTC-USDT LONG TRADE 4H
Approach 1: Buy support
1. I would like to see the price go towards the first area of interest zone.
2. If this price hits the first level I will be looking at is the 32.000 level. I might want to scale out depending on the current price action.
3. Second TP will be at the 34.000 level, here I would consider completing the trade or letting a small % run the trend.
Approach 2: Breakout trade
1. Price breaks above resistance of 32.000 level with enough volume and according to price action (e.g. bullish engulfing)
2. This will then be an RR:2 trade. TP at approx 5% profit and SL at approx 2.5% loss.
Hey you! Yes you! I hope you like my approach to this chart, If you like the idea make sure to like this post it would help me a lot!
is there something I left out and you think is essential for this chart? let me know in the comments
Approach 1: Buy support
1. I would like to see the price go towards the first area of interest zone.
2. If this price hits the first level I will be looking at is the 32.000 level. I might want to scale out depending on the current price action.
3. Second TP will be at the 34.000 level, here I would consider completing the trade or letting a small % run the trend.
Approach 2: Breakout trade
1. Price breaks above resistance of 32.000 level with enough volume and according to price action (e.g. bullish engulfing)
2. This will then be an RR:2 trade. TP at approx 5% profit and SL at approx 2.5% loss.
Hey you! Yes you! I hope you like my approach to this chart, If you like the idea make sure to like this post it would help me a lot!
is there something I left out and you think is essential for this chart? let me know in the comments
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