Second LONG entry on BTC-USD?
https://www.tradingview.com/x/PtnKh237/
If the current channel holds, there could be a second long entry on this pair if price closes above the trend line. Stop will be at the low that will be left below the trend line and target marked by the green line. This is coming from the 240 chart where I am interested in trend line breaks after price has taken out a channel resistance line. We have taken out the first line, had our retracement, now waiting for a close above the trend line as a confirmation that they have re-grouped to take out the next channel line. If they manage to take the next channel line out, again, we will wait for a retracement, place our trend line and wait for another break to add another position. Remember to break even the first entry if you are already riding a long position before adding the second position.
If the current channel holds, there could be a second long entry on this pair if price closes above the trend line. Stop will be at the low that will be left below the trend line and target marked by the green line. This is coming from the 240 chart where I am interested in trend line breaks after price has taken out a channel resistance line. We have taken out the first line, had our retracement, now waiting for a close above the trend line as a confirmation that they have re-grouped to take out the next channel line. If they manage to take the next channel line out, again, we will wait for a retracement, place our trend line and wait for another break to add another position. Remember to break even the first entry if you are already riding a long position before adding the second position.
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