NOTE:
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SUMMARY:
Just got a confirmed long entry on Bitcoin (BTC). Let's go! We have mapped out a bunch of potential support and resistance levels.
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STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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DESCRIPTION:
1. Fractal Trend is showing an uptrend (Green background color) on BTC on the 4 hour chart.
2. We are waiting for this candle to close to confirm the uptrend via Fractal Trend.
3. We just got a long entry from Breakaway Scalper (Green bar color) on the last candle.
4. Will take that long position if the Fractal Trend closes bullish (Green background color) and Breakaway Scalper is still confirmed long (Green bar color).
5. Using Breakaway Scalpers built in trialing stop loss(Yellow line) to help reduce potential drawdown and lock in gains.
6. Looking at the R1 - R3 bearish order blocks for potential resistance and as take profit targets. Will assess more if we achieve those levels with this move.
7. Looking at the S1 - S5 bullish orderblocks for support if we go lower.
8. Trade will be exited if the bar and/or background color closes not Green since those are both bearish/neutral signals. The other trade exit ability is if the trialing stop (Yellow line) is hit, that would be a full closure of our position.
✨ We provide charts every day ✨
Like and Follow to help us grow family! 🎉
SUMMARY:
Just got a confirmed long entry on Bitcoin (BTC). Let's go! We have mapped out a bunch of potential support and resistance levels.
---
STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
---
DESCRIPTION:
1. Fractal Trend is showing an uptrend (Green background color) on BTC on the 4 hour chart.
2. We are waiting for this candle to close to confirm the uptrend via Fractal Trend.
3. We just got a long entry from Breakaway Scalper (Green bar color) on the last candle.
4. Will take that long position if the Fractal Trend closes bullish (Green background color) and Breakaway Scalper is still confirmed long (Green bar color).
5. Using Breakaway Scalpers built in trialing stop loss(Yellow line) to help reduce potential drawdown and lock in gains.
6. Looking at the R1 - R3 bearish order blocks for potential resistance and as take profit targets. Will assess more if we achieve those levels with this move.
7. Looking at the S1 - S5 bullish orderblocks for support if we go lower.
8. Trade will be exited if the bar and/or background color closes not Green since those are both bearish/neutral signals. The other trade exit ability is if the trialing stop (Yellow line) is hit, that would be a full closure of our position.
Comment:
R1 contact made, trade looking good so far fam! Dont get greedy, make sure to scale some of this off here. :)
Trade closed: stop reached:
Trailing stop just kicked us out...In profit!
Let's go! :)
R1 and R2 target hit. Scaled out 1/3 on each and closed the last 3rd on the trailing stop.
We will be building a new setup here soon!
Let's go! :)
R1 and R2 target hit. Scaled out 1/3 on each and closed the last 3rd on the trailing stop.
We will be building a new setup here soon!