$BTW acaba de romper arriba y entré en largo.
1-hour close over 1.269 (maximum of 4 days). Entry price: 1.292.
What made me enter: there’s plenty of liquidity (203 M USDT in 24h); the ADX is at 32 with DI+ (32) above DI- (10), meaning the trend has strength and direction; price is above the 1h EMA200 and that moving average is rising; the short-term momentum (DI+ on 3m) supported the candle close.
SL at 1.187, 8.1% away. I don’t set a fixed target; I move the stop up as long as the trend stays in my favor.
If it forms a 1h double top and breaks the neckline, I’ll exit earlier.
Breakouts fail often; that’s why the risk per trade is small and the stop is always respected.
This is not financial advice; do your own research and adjust your risk.
$BTW #trading #breakout
1-hour close over 1.269 (maximum of 4 days). Entry price: 1.292.
What made me enter: there’s plenty of liquidity (203 M USDT in 24h); the ADX is at 32 with DI+ (32) above DI- (10), meaning the trend has strength and direction; price is above the 1h EMA200 and that moving average is rising; the short-term momentum (DI+ on 3m) supported the candle close.
SL at 1.187, 8.1% away. I don’t set a fixed target; I move the stop up as long as the trend stays in my favor.
If it forms a 1h double top and breaks the neckline, I’ll exit earlier.
Breakouts fail often; that’s why the risk per trade is small and the stop is always respected.
This is not financial advice; do your own research and adjust your risk.
$BTW #trading #breakout