BTC Short Term Reversal Trade and Investment Opportunity
Bitcoin has reached the lower trendline of the current uptrend after breaking out from a month old consolidation around 7th of August 2021 and it looks to take support and undergo a reversal rally. So it would be a good opportunity to enter for a reversal trade or as an investment opportunity.
Target is placed near swing high for swing trade or it can be exited ones it breaks the current lower trendline signaling end of the pattern.
SL is placed below multiple support zones, previous swing low and current lower trendline.
Risk Reward Ratio - 2:1
Target is placed near swing high for swing trade or it can be exited ones it breaks the current lower trendline signaling end of the pattern.
SL is placed below multiple support zones, previous swing low and current lower trendline.
Risk Reward Ratio - 2:1
Сделка закрыта: достигнута тейк-профит цена