Reasons to take long IF BTC will squeeze back to daily VWAP:
âïļ Trendline 2 months old
âïļ Formation is clean
âïļ We are in the end of formation
âïļ 6th touch
âïļ Price is squeezing to the trendline
âïļ 30 ATR
âïļ Over VWAP
If BTC will squeeze down to weekly VWAP, I'll take trendline breakdown.
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones