Hello all,
After calling the Top in Bitcoin & the most recent fall at 47K we introduce you to our next trade setup. We will update as the price action continues.
--------------------------------------
Long-Play:
A candle break and close above the falling wedge resistance we will then place a long position targeting the 52K region and beyond. Be cautious of a fakeout at the ~46.5K resistance.
Short Play:
A candle break and close below the 40K key support we will look to place a short position to retest the 30K support. Be cautious of a violent drop followed by heavy buying pressure resulting in a long wick.
After calling the Top in Bitcoin & the most recent fall at 47K we introduce you to our next trade setup. We will update as the price action continues.
--------------------------------------
Long-Play:
A candle break and close above the falling wedge resistance we will then place a long position targeting the 52K region and beyond. Be cautious of a fakeout at the ~46.5K resistance.
Short Play:
A candle break and close below the 40K key support we will look to place a short position to retest the 30K support. Be cautious of a violent drop followed by heavy buying pressure resulting in a long wick.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.