I anticipate a big rally pump today to try and make a higher high on the daily tf and I think this is the new potential hl low that just formed given the volume and bullish price action in this area.
Roughly 6 RR trade
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Market whipsaw back down but setup is still valid. Re entered
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For those who missed initial entry. I think here is good place to enter for a 4+ Risk to reward targeting $600 area.
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The market got really volatile during Trump speech at the bitcoin conference. I almost got stopped but was spared. Price is recovering now. Unfortunately those who entered today would have gotten stopped. Just have to wait for structure to develop more to enter. Either that or enter with wide stop
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Might close out #bnb long early. Areas highlighted.
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