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HotCooler
Jan 26, 2024 11:28 AM

1INCH Long Long

1INCHUSDT Perpetual ContractBybit

Description

After a stop at the resistance level, a long movement formed at the trading level. I expect the movement to reach 0.5.

Trade active

The price has reached a resistance level, and Bitcoin has also reached the target for another idea.
Take some profit. The coin is volatile and may quickly return to the entry point.

Take profit levels:
0,42 ✅
0,45
0,49

Trade closed: stop reached

Returned to the entry point, the breakeven stop was triggered.
We can wait for a better long entry point. The overall sentiment for Bitcoin is short.

As I mentioned in my previous comment, we could quickly return to the entry point, so those who took partial profits with me are in profit.

I publish quick trades in my Telegram channel, it takes longer to prepare ideas here. Join: (link in BIO)
Comments
HotCooler
The price has reached a resistance level, and Bitcoin has also reached the target for another idea.
Take some profit. The coin is volatile and may quickly return to the entry point.

Take profit levels:
0,42 ✅
0,45
0,49
MyCryptoParadise_Nathan
Reaching the 0.5 level could be a significant milestone. Keep a close eye on the price action to see how it develops.
seriousEnthusi72646
Do you think it will return back after this move up?
HotCooler
@seriousEnthusi72646, Anything can happen. There is currently a positive probability of growth. You need to take several takes. Move stop to breakeven. After some time there may be a drop even lower. At the moment, the shorting setup has not formed, we’ll see when Bitcoin reaches 43300.
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