BTC Trade Opp 50 EMA + Trendline Break R/R: 2.96 [BTC/USD]

This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.


I believe this is a textbook pullback on a channel break. There are a few resistances here, but I feel the 50EMA is the strongest one in correlation with the trendline we have broken with decent volume!

Xander <3

Comment:

Be careful of rejection at 7590 FYI. Set stop tight when we get to this point.

Comment:

Looking for a closer range now.

Comment:

I closed here! I took my 20% on my leverage. The situation got pretty risky, was wanting a trendline break earlier tbh, expected some more aggressive movement due to the EMA pullback being so perfect but it just looks like its chilling up slowly. But getting towards that trendline its not something I want open with meh volume.

Trade closed manually:

7583.