If we can break through $50.8K, we can wait for a dip back to this level, with a limit buy order here. The stop loss would be immediately under the level below at $49.7K. The profit target would be the next level at $52.8K.
Note
Facing resistance at the level we wish to enter. Remember, we want a clear breakout from $50.8K then a retracement. Keep patient...
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Join my discord at discord.io/quantguy
Disclaimer
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.