BTC/USDT – Manage Risk on This Trade
Entry: CMP, 122601, 121900
Take Profits: 127000, 132000
Stop Loss: 120000
Reasons for Entering:
Price has reclaimed the Monday high, and the H4 bearish order block has now turned into a bullish breaker. I anticipate that the price will take out upside liquidity, after which some euphoria may kick in, refueling momentum toward the upside. Note: If I see signs of weakness, I will exit the trade before the stop loss is hit.