Fxprotrader

BTCUSD: Buy Opportunity at Key Support Level

Long
COINBASE:BTCUSD   Bitcoin
Price broke above a daily structure resistance level, and it seems it has pulled back to the broken level (now support). Switching to the the lower timeframes we may see that buyers have already taken action pushing price higher.

Going long at current level is a nice idea. Sl should be placed at around $8500 and as a tp we may aim for the $11500 where price will test a key resistance structure zone.

240min chart
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