btc bias change - long idea
This is a swing trade, and can take a few days. So considering funding costs, I'll take a future position instead of perp-swap.
Price broke a key level, and now we're waiting for a retest of that level.
After that we should possibly see another resistance on FTA (First Trouble Area).
So my plan is hedging on that resistance, and if it breaks that level, we can expect a new ATH.
Updating on each move makes my mindset more visible, but its really exhausting for me. For those type of examples, you can review my old ideas if you're interested, there are plenty of them.
so please make your own plan, manage your risk and stick with it, GL !
Price broke a key level, and now we're waiting for a retest of that level.
After that we should possibly see another resistance on FTA (First Trouble Area).
So my plan is hedging on that resistance, and if it breaks that level, we can expect a new ATH.
Updating on each move makes my mindset more visible, but its really exhausting for me. For those type of examples, you can review my old ideas if you're interested, there are plenty of them.
so please make your own plan, manage your risk and stick with it, GL !
Trade closed manually:
monday high acted as resistance and after a sharp drop it gives us to exit with minimal damage. So I close my position here looking for ltf shorts. so simply :
1. if we broke this flipped S/R again and close a 2hr candle, I'm long and will add after breaking monday's high.
2. as we can't break this level, we'll possibly visit the monday low.
1. if we broke this flipped S/R again and close a 2hr candle, I'm long and will add after breaking monday's high.
2. as we can't break this level, we'll possibly visit the monday low.
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