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bitcoin:native: 3 straight red days after losing its 20 day EMA.
I'm taking a long here as an intraday trade. First TP at the 20 day EMA. I'll move the stop loss to entry once TP1 hits. If price pushes further, full profits at $85,000.
Risk to reward: 2.55
Stop loss: $73,500
Seb Monty
Next few days could be crucial for Bitcoin.
bitcoin:native has bounced off the 20-day EMA for over 38 days now.
A close below the 20-day EMA could be the start of a bearish consolidation.
If bitcoin is able to close above and bounce from here then it could potentially test $85,000.
$85K is a region where I plan to accumulate swing shorts.
Haftungsausschluss: OKX Orbit-Inhalt dient nur zu Informationszwecken. Mehr erfahren
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