Where to open the long position: Option 1: Wait for breakout of resistance to buy. Stop loss if it closes bellow the resistance. Option 2. Wait for a Reversal candle at support ( Hammer , bullish engulfing ) . Stop loss -> a close bellow the support.
Don't buy unless you get a signal. It could go either way at this moment as ETH might go up and most of the traders might want to bet on that. BTC is still in the triangle. A break either way might affect the BTS price.
Take profits along the way. there is a lot of volatility in BTS.
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entry at 4100
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Support Held, Trade is now in the green. Wished i waited for more conformation and bought in at a better price. But it's still a profitable trade.