VTC/BTC is trading at a triangle support with slight bullish bias. Let's take a look at a simple trade plan with reward to risk assessment.
VTC/BTC 4H Chart
- Since the bullish run in the second half of October VTC/BTC has been consolidating, specifically in a triangle.
- There is a slight bullish bias because price has mostly stayed above the 200-period simple moving averages (4H chart).
- Now as it trades near support, it could be an opportunity to buy from a reward to risk perspective.
- Entry 0.00056000
- Stop: 0.00049400 (-11.79%)
- Target 1: 0.00065000 (+16.07%)
- Target 2: 0.00075000 (+33.93%)
- Target 3: 0.00089000 (+58.93%)