Here is a setup i have worked on for a long position. It is well detailed for better understanding.
So these are possible scenarios that might happen. If bitcoin remains bullish the next few days, the scenario with the green line as drawn on the chart will most likely happen (from my P.O.V).
I have a long position on this crypto and i might keep holding unless it starts showing bearish signs.
Orange square is the buy area
Red line is SL.
Good luck.
Like and follow to support me.
So these are possible scenarios that might happen. If bitcoin remains bullish the next few days, the scenario with the green line as drawn on the chart will most likely happen (from my P.O.V).
I have a long position on this crypto and i might keep holding unless it starts showing bearish signs.
Orange square is the buy area
Red line is SL.
Good luck.
Like and follow to support me.