My zone on $BTC : 81,000–81,800
That’s where weekly support and the 4H EMA 200 converge, at almost the same price. That’s the kind of confluence I like.
Stop: 80,000 TP1: 84,600 (I take half off and move the stop to entry) TP2: 87,300
Still, I wouldn’t buy just because price touches it. On the 4H, I want to see the squeeze stop falling and a candle with a lower wick and good volume. If the day closes below 80k, I’m ruling it all out.
Everyone manages their own risk.
#Bitcoin #SwingTrading
That’s where weekly support and the 4H EMA 200 converge, at almost the same price. That’s the kind of confluence I like.
Stop: 80,000 TP1: 84,600 (I take half off and move the stop to entry) TP2: 87,300
Still, I wouldn’t buy just because price touches it. On the 4H, I want to see the squeeze stop falling and a candle with a lower wick and good volume. If the day closes below 80k, I’m ruling it all out.
Everyone manages their own risk.
#Bitcoin #SwingTrading