Full time Civil Engineer with part time forex and crypto trader and researcher.
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Trade Setup: Long Position Entry Point: $99,100(current price level) Stop-Loss (SL): $98700 Take-Profit (TP): $103,200 Set near the next resistance level based on historical price data and recent 15-minute chart highs. Risk-Reward Ratio: 1:1.41 (favorable setup) Reasoning Behind the Trade: Indicators: RSI above 60: Suggests bullish momentum but not yet overbought. MACD Bullish Crossover: Indicates the potential for continued upward movement. Moving Averages: Short-term MA suggests buying pressure.
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Whats going on with Bitcoin 🤔 Crashing despite positive SEC news