Bitcoin: Example of Long Trade from Daily Chart

BYBIT:BTCUSD   Bitcoin / U.S. Dollar
What do you think about such a long trade based on a bullish signal from Ichimoku indicator?

The price bounced from the cloud and we could use the reversal for buying. Stop orders we place below Senkou B and Tenken lines. It is an option to place stop below 11 000$ as well. The main profit target is 12 500$ resistance, but it will be a good idea to fix a part of profit at 12 000$ as well.

DMI is bullish and ADX line is moving up. It tells us that the bulls are strong and we have a bullish market.

This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trade closed: target reached
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thanks for sharing! this is what I see on BTCUSD:
Good work
Write your opinion about the work!!💲
nice chart! thanks for sharing! 🚀🦐💪🏻
Very good trading setup. Thanks for sharing your idea 🐻‍❄️😃
GREAT...Thank you
DLavrov anvarsadat
@anvarsadat, thanks!
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