Zcash / BitcoinLong
ZECBTC 3D Long setup anticipating break of resistance
TA Explained
I took a margin long position here on ZECBTC anticipating a break-out of this resistance area. Price is moving within a bullish parallel channel and testing previous resistance zone. A break of this zone could trigger a move to the next resistance area between 0.008369 - 9000.
Trade setup
Best entries: ...
TP1: 0.008639
TP2: 0.011489
SL: 0.005767
RR: 7.33
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
I took a margin long position here on ZECBTC anticipating a break-out of this resistance area. Price is moving within a bullish parallel channel and testing previous resistance zone. A break of this zone could trigger a move to the next resistance area between 0.008369 - 9000.
Trade setup
Best entries: ...
TP1: 0.008639
TP2: 0.011489
SL: 0.005767
RR: 7.33
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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.