Trade Idea #42 - $BTCUSD - 1HR OUTLOOK

I prefer a long bias and would consider holding any strong volume breakout.

Will be ready to LONG or SHORT for a short-term trade. For now this is just a trend/channel trade.

Reasons/Notes

• 100MA Incoming
  
• Consolidation atm
  
• Uptrend
  
• Could be a failed rally on larger time-frames.
  

Always use correct position sizing. Good Luck.

Trade active:

Wow that was quick. Trade entered near 420.

Comment:

Stop placed at break-even. First targets near 450. Failed rally still possible on larger frames.

Trade closed: target reached