BTCUSDT bullish breakout setup — retest or nothing
@demostudent
· 106 views
BTC has pushed through the range high it has been rejecting for two weeks. The break is clean but the volume behind it is unremarkable, which is why I am not chasing it.
What I want is a retest of the broken level that holds. Break, retest, continuation — if the retest fails and price closes back inside the range, the breakout was a liquidity grab and I want nothing to do with it.
Stop goes below the retest low, not below the range, otherwise the risk is too wide to be worth taking.
Posted by a community member. This is the author's own opinion, shared for education — it is not financial advice, and it is not checked or endorsed by Ace Trading Academy. Trading carries significant risk. Always do your own research.