Technically speaking, BTC has broken out from the triangle chart pattern on 4h timeframe...
...so entering from around 6600 with S/L around 5650 and T/P around 9200 (previous March high) price levels provides decent R:R opportunity.
Fundamentally, BTC was under pressure as other major markets and I am not sure we are not going to see lower levels in the coming days/weeks, but before that another bull rally is quite possible.
Keep in mind, that It's important to follow predefined risk and money management rules.
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...so entering from around 6600 with S/L around 5650 and T/P around 9200 (previous March high) price levels provides decent R:R opportunity.
Fundamentally, BTC was under pressure as other major markets and I am not sure we are not going to see lower levels in the coming days/weeks, but before that another bull rally is quite possible.
Keep in mind, that It's important to follow predefined risk and money management rules.
//
I would very much appreciate if you support my work by hitting like .)
Feel free to share your opinion/position via comment and follow me to stay updated.
Order cancelled:
Couldn't enter at preferred price, decided not to realize this idea, i think the price should go lower, where a better opportunity might be.