day trading idea
We're looking at the BTC/USD 15-minute chart and it's showing potential for a long entry. With recent bullish RSI divergence at a low around $62,000, it seems we might have hit the floor and are looking for a bounce back up.
For a solid day trade, if we see the price climbing and forming a Higher Low (HL) after dipping to $62,000, that could be our signal to go long. We'll jump in at $62,000 if the signs are right, with our sights set on a price climb.
We’re keeping it tight with a stop loss at $61,750 – that way, we're only risking a bit. Our goal is to hit $62,500 for a take profit, aiming to double what we're risking.
Remember to watch the trading volume for extra confirmation that our move is strong. Always trade with a plan, and that plan includes a stop loss to keep our risk in check.
Happy trading, and let's catch those gains!
The Chart Whisperer 📈
**#BTCUSD #TradeStrategy #DayTrading**
For a solid day trade, if we see the price climbing and forming a Higher Low (HL) after dipping to $62,000, that could be our signal to go long. We'll jump in at $62,000 if the signs are right, with our sights set on a price climb.
We’re keeping it tight with a stop loss at $61,750 – that way, we're only risking a bit. Our goal is to hit $62,500 for a take profit, aiming to double what we're risking.
Remember to watch the trading volume for extra confirmation that our move is strong. Always trade with a plan, and that plan includes a stop loss to keep our risk in check.
Happy trading, and let's catch those gains!
The Chart Whisperer 📈
**#BTCUSD #TradeStrategy #DayTrading**
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