source avatarCrypto Sat

Share

Bitcoin would be the 1st trade in our challenge 🍸 Currently, the price is just under the horizontal resistance and just above the recent low. So, my bias is slightly bearish to neutral, as long as the price trades below the orange line. I suggest opening a long position only if the price crosses over 76,700-76,800. In case of losing the recent low, if the price comes below 74,600, we will open a short position. Targets and stop-loss will be determined once the trade is active. However, in general, my plan is to invest 0.5$ (20$ = total capital) in the 1st trade using 150x leverage. The SL would be 0.5$ (75,200 for short; 75,900 for long).

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.