1 Month old trendline! Lets see how it break out

May 25, 2022

On daily timeframe we see a trendline that is drawn, basically, from the start of the listing. That's very powerful.
However, at current market we have to be careful. If on breakout we see volume (red scenario), it's better to close trade straight away.

Other reasons
⭐️ BTC in range
⭐️ Accumulation 10 days
⭐️ Level is visible on multiple timeframes
⭐️ We are in the end of formation
⭐️ 5th touch
⭐️ 50 ATR

Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones