I decided to take a swing long position for a longer term for this reasons:
► Momentum going up
► bounce from the 0.716 fib level
► falling broadening wedge → bullish pattern
► High risk reward ratio
► Low risk with tight SL, very big opportunity, high tvl
► Potential breakout of this Pattern
► Forming a possible nice W pattern too
If we are falling a little lower, I will increase my position till the SL is reached.
Trading setup:
Entry: $173
SL: $149.96
TP: $422
Disclaimer: DYOR. No financial advice. Just for your impression.
Trade active
Trade closed manually:
waiting on the sideline for stable btc price.