Trading idea for SYS/BTC LONG - Current price 3050 sats.
In the 1H chart we see as Tenkan Sen is crossing above the Kijun Sen, it is a bullish signal. As this type of buying signal occurs above the Kumo (cloud), so we can be sure that this is a strong bullish signal. But BTC is showing high volatility, so we need to be cautious.
Now, we are waiting a the break up of the 3100 satoshis resistance.
Additionally, we have two additional signals from MACD + EMA and RVI. We can use MACD+DI as an extra confirmation method and now we can see a green point (buy signal).
The RVI also is indicating buy.
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Buy: As explained above. ~ 3105 sats.
Take-profit: You are free to decide, but avoid greed. See the graph for reference.
Stop-loss: ~ 2885 sats.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
Now, we are waiting a the break up of the 3100 satoshis resistance.
Additionally, we have two additional signals from MACD + EMA and RVI. We can use MACD+DI as an extra confirmation method and now we can see a green point (buy signal).
The RVI also is indicating buy.
======
Buy: As explained above. ~ 3105 sats.
Take-profit: You are free to decide, but avoid greed. See the graph for reference.
Stop-loss: ~ 2885 sats.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
Trade closed: stop reached:
Dynamic stop loss reached at 3623 satoshis for a 8.57% profit.
Congratulations!
Congratulations!