XBT had a solid flush earlier and is now attempting to push out with volume. A great risk conscious trade might be to buy on a break above 47754 with a stop loss at 46805 and then having a trailing stop from there as we move into new ATHs. R:R on a trade like this is indeterminable due to the trailing stop. But on a historical basis ATH breaks with volume like this yield enormous R:R ratios.
Trade active
Trade has triggered... let's were this one goes
Note
avg entry is 47541
Trade closed: stop reached
holy smokes another flush ... this is dangerous territory for the longs up here. WAY too skitish action.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.