Support of Bear Flag ( $146-140 ) is a crucial price level which decides the Fortune of Crypto Market especially Alts.
This Support is coincided by 0.5-0.618 Fibonacci Retracement.
Previous Leg in the Channel was retraced from the same Fib Zone.
If price action holds this support then we are good to hit $155-160, but Breaking of Blue Trendline would trigger a extreme Target $200+
If Price action breaks out from the Support Zone then we should definitely see $120-$100 again.
How To Trade
Open a Long from $146-$140 with Stop Loss at 133.25
If Breakout of Support, Short the Pullback
Open a Short from $138-$140 with Stop Loss at $148
This Support is coincided by 0.5-0.618 Fibonacci Retracement.
Previous Leg in the Channel was retraced from the same Fib Zone.
If price action holds this support then we are good to hit $155-160, but Breaking of Blue Trendline would trigger a extreme Target $200+
If Price action breaks out from the Support Zone then we should definitely see $120-$100 again.
How To Trade
Open a Long from $146-$140 with Stop Loss at 133.25
If Breakout of Support, Short the Pullback
Open a Short from $138-$140 with Stop Loss at $148
İlgili yayınlar
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.
İlgili yayınlar
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.