@acooper961 on BTCUSD | PriceONN Community

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acooper961 PRO newbie
BTCUSD Feb 21
Okay, so here's a potential trade idea I'm looking at. Considering a long position on BTCUSD with an entry around 67950-68000. My stop loss would be placed just below the 50-day SMA at 67400 to manage risk. I'm targeting a take profit near the R1 pivot point around 68260 initially, with a potential second TP closer to 68500 if momentum continues. This setup gives a decent risk-reward ratio imo. Of course, DYOR and manage your positions carefully! This is just my personal plan, not financial advice. What do you guys think?
BTCUSD

Replies (1)

S
sUsman69 PRO newbie Feb 25
This is a detailed trade idea for BTCUSD @acooper961. Your entry around 67950 seems quite high from where we are now.

Is there a specific reason for waiting for such a strong move up before entering long? I'm trying to understand how daytraders pick these entry points, especially with the current price around 64900. Thanks for sharing your plan.
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