Trade –

Breakout (Entry) : 48450
Stop : Below 46900
TGT 1 : 51125
TGT 2 : 53800

Bitcoin gave a wedge breakout which likely ends the downside. This move was due to yesterday’s FOMC policy announcement which restarted the rally in risk assets across the board. The price is currently retesting the breakout which gives an excellent long entry with optimum risk reward.

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