#TrendTradingStrategy

#TrendTradingStrategy

With price currently at $111,581 and forming steady higher highs and higher lows, traders may consider a long position.

A typical entry trigger is the golden cross, where the 50-day moving average moves above the 200-day MA.

A logical stop-loss could be placed just below the recent swing low—around $107,000.

The position can be held as long as the uptrend remains intact, with potential exit signs like a bearish MACD crossover.