The last btc long went fast and was on target (hurray).
This play has more risk (under resistance).
but
1) R/R ratio is just fine (2.78) 2) clear invalidation (monthly close + prev ath) 3) RSI consolidating at the higher band - usually indicating a bullish consolidaiton 4) so far looks like a bull pennant is forming, with target exactly at a high volume node
In general it's better to wait for a breakout, but based on the chart (lots of stop loss orders - aka in this case buy orders above the range) so it's possible that there will be an aggressive move (later entry is questionable).
GL & HF
Trade wurde manuell geschlossen
⋅
Closed my trade at 20630 (~1/3 profit)
Reasoning:
1) Didn't like the first response at TA (trouble area - 20780ish / small resistance) 2) Dollar at key support and faked the breakdown on LTF 3) SP500 futures looks weak right now