Long in BTCUSD
2024-09-26

 

  BITSTAMP:BTCUSD  

Consider entering a long position once the price breaks above the high of the green candle, indicating a potential upward momentum. Place the stop loss (SL) at the recent swing low for risk management.

 Target Levels: 

Target 1: 63,927
Target 2: 64,749

This trade setup aligns with the breakout from a falling wedge pattern, which is a bullish reversal formation. The price consolidates within the wedge, and a breakout above the upper trendline suggests the potential for a sustained upward move.

 Disclaimer: 
This is for educational purposes only and not financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always perform your own analysis or consult a financial advisor before entering any trades.