Second LONG entry on BTC-USD?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar

If the current channel holds, there could be a second long entry on this pair if price closes above the trend line . Stop will be at the low that will be left below the trend line and target marked by the green line. This is coming from the 240 chart where I am interested in trend line breaks after price has taken out a channel resistance line. We have taken out the first line, had our retracement, now waiting for a close above the trend line as a confirmation that they have re-grouped to take out the next channel line. If they manage to take the next channel line out, again, we will wait for a retracement, place our trend line and wait for another break to add another position. Remember to break even the first entry if you are already riding a long position before adding the second position.