day 2 bitcoin 1 hour
Base on the market structure, BTC market structure is in ascending triangle and going to break its resistance zone.
if BTC really breaks its resistance zone then i will switch my chart to 30min chart to wait for it retest the resistance.
i will do a long position and queue buy at price 15977.50 on his first retest.
in order to achieve RR ratio = 1:5, my TP will be at 16941.99 and my SL i will set sligtly below the SR flip line at the price of 15200.24.
if BTC really breaks its resistance zone then i will switch my chart to 30min chart to wait for it retest the resistance.
i will do a long position and queue buy at price 15977.50 on his first retest.
in order to achieve RR ratio = 1:5, my TP will be at 16941.99 and my SL i will set sligtly below the SR flip line at the price of 15200.24.
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