Bitcoin: Active Buy Trade with 12 500$ Target
I wrote about a possible buy trade before a new upward movement. The idea was based on a breakout above SMA100 and the continuation of the bullish trend after the consolidation.
The trade is active now, and it has the following entry and exit points:
Entry above 11739.50USD
Stop below 11 400USD
Profit Target at 12 485USD
Risk per trade must be no more than 5% of the trading capital.
If you missed that trade, you should wait for a new pullback. RSI is not far from the overbought zone, and probably the price will retest SMAs one more time. The reversal signal from SMAs will give a new buying opportunity. The alternative is to search for new entry points using other timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The trade is active now, and it has the following entry and exit points:
Entry above 11739.50USD
Stop below 11 400USD
Profit Target at 12 485USD
Risk per trade must be no more than 5% of the trading capital.
If you missed that trade, you should wait for a new pullback. RSI is not far from the overbought zone, and probably the price will retest SMAs one more time. The reversal signal from SMAs will give a new buying opportunity. The alternative is to search for new entry points using other timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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