PTB appears to be ready for a bullish move (2H)First of all, be aware that this is a high-risk asset and has experienced heavy drops in the past. Therefore, do not forget proper position sizing and risk management so that getting stopped out doesn’t lead to emotional regret.
Given that price is currently sitting on two key price-action levels, has a bullish CH, and has broken a short-term resistance trendline, we can consider taking a buy/long position by risking the demand zone.
Targets are marked on the chart.
A 4-hour candle close below the invalidation level would completely invalidate this outlook.
Do not enter the position without capital management and stop setting
Comment if you have any questions
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