BTC May 18, 2024: Waiting For A Trendline Breakout

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After crossing up MA-50 on May 15, 2025 and successfully follow-through, as mentioned in the post that you can see in the related ideas section, BTCUSD is now trading right below the yellow trendline which we can draw from March 14, 2024.

A breakout above this trendline would provide an additional buy point (the first buy point was mentioned in the post in the related ideas section)

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Broke out well. Now a pull back is definitely possible but the key to watch is that whether it will go back down below the trendline or not. If it will, I will close my position.

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As of May 26, 2024, BTCUSD have successfully tested the trendline one time and continues to act well. We are still holding our long position.

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As of June 17, 2024, BTCUSD is trading right around MA50 and might go down further, we put the stop loss for our position at 64,500

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Đóng lệnh: dừng lỗ