New long position in BTC - opened, plus or minus as we planned.
Let’s remember that last night we closed our long from $113,500.00 to $116,764.70 due to a strong signal of a potential high on the hourly timeframe. We are waiting for levels for picking up during the correction.
We are now starting to accumulate long from an important support level, the 0.5 Fibonacci level of the "Powell pump". For now, we maintain the expectation of a possible pullback, so we enter 1/5 of our experiment's deposit. The next important Fibonacci levels and horizontal levels are shown in the screenshot. However, from the 0.5 Fibonacci level (price $114,556), which has been clearly tested, we expect a fairly clear bounce. Due to the potential low marks on the hourly and 2-hour timeframe.
We started accumulating the position as always from a local trigger - the price transitioned into a stable uptrend on the 5-minute timeframe.
The downtrend has been going on since early morning and the price of $115,751, gathering all the nearest basic and additional targets. This is an absolutely local and unimportant signal in itself, but in context - it may turn out to be quite important.
Keep in mind that the price according to our indicator is in a stable uptrend on the 3-, 4-, 6-hour timeframe.
In history, without working off at least the basic targets, such things rarely break. Although the high marks on the weekly timeframe maintain this risk.
Our #futures_trade for now:
- #Binance: long with 30 leverage from the level $115,000.00, potential liquidation level $111,670.84.
- Exchange #1: long with 30 leverage from the level $115,016.10, potential liquidation level $111,757.40.
- Exchange #2: long with 125 leverage and additional liquidity from the level $115,070.20, potential liquidation level $111,890.70.
