EthanTW

BIT - Buying timing with good R/R ratio

Длинная
BYBIT:BITUSDT   None
BYBIT:BITUSDT
1H trend chart
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BIT is going to break out the long-term downtrend line.
If price can take the line out or wait it to stand above 1.885(Fib 0.618),
we can have a great risk-reward ratio with trading strategy as below.
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Profit Targets:
a) 1.945----Blue horizontal ray
b) 2.078----Fib(1)
c) 2.215~2.271----Fib(1.272~1.382)
d) 2.389----Fib(1.618)

Stop losses:
a) 1.797-----Red horizontal ray
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