BTCUSD 1h range trading

26 Eyl 2022

The price is currently in the mid of the range which is a paradise for a range traders.

Simple trading:
- buy/long the support . Invalidation if the price closes below the range
- sell/ short the resistance. Invalidation if the price closes above the resistance.

Stop loss in place highly recommended.

Good luck

27 Eyl 2022

İşlem aktif

As expected the price hit the upper boundary of the range. Short position active.

Take profit level: $18700
Final target: the bottom of the range

27 Eyl 2022

Not

Place a stop loss at $20480

7 Eki 2022

Not

As expected, price got rejected at the strong resistance.
The next attempt may be successful and the price may break above the resistance and go higher.