FX.co ★ BTCUSD Potential For Bullish Rise to overlap resistance

Description :

Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 25270.00, where the recent high is to ride the bullish momentum. Stop loss will be at 23815.00, where the overlap support is. Take profit will be at 28686.37 where the overlap resistance is.

Trading Recommendation

Entry:25270.00

Reason for Entry: Recent high is to ride the bullish momentum

Take Profit: 28686.37

Reason for Take Profit: Overlap resistance

Stop Loss: 23815.00

Reason for Stop Loss:

Overlap support