BitcoinLong
BTCUSD: Approaching A Decent Limit Area
Updated
This pair has shown some resilience to the selling pressure that became evident after touching the sub-60k area. The chart contains all the information that serves as a long signal; nonetheless, it is contingent upon a valid price action once the highlighted key area is reached. Better to avoid sending in the limits to the exchanges, but to consider the 46.8k as a limit area for getting into short risk exposure. With PA confirmation, CMP entries are advised.
Staying tuned for further tells.
Staying tuned for further tells.
Trade closed: target reached
+6R on this one
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