Buy above 6033.
Stop loss at 5881.
Take profit at 6323.
Reason for the trading strategy (technically):
BTCUSD bounced nicely off its support at 6033 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where we expect to see price rise further to its resistance at 6323 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) has bounced off its support at 7% where a corresponding rise is expected.
Stop loss at 5881.
Take profit at 6323.
Reason for the trading strategy (technically):
BTCUSD bounced nicely off its support at 6033 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where we expect to see price rise further to its resistance at 6323 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) has bounced off its support at 7% where a corresponding rise is expected.