BTCUSD - eyeing the support level
Scenario 1:
I'm waiting and seeing if the price will correct till the support level.
From the support level, I will see if the price rebounds positively or drops further to USD20k.
Scenario 2:
Alternatively, price retraces to the support level then rebounds to USD30k.
If price surpasses the resistance level, potentially can continue it's bullish momentum till USD40k.
Comment
At current level, price seems to be overbought based on the Stoch indicator. So a correction is likely.
Watching the resistance level closely as this will help me to determine if I can enter for a long position.
I'm waiting and seeing if the price will correct till the support level.
From the support level, I will see if the price rebounds positively or drops further to USD20k.
Scenario 2:
Alternatively, price retraces to the support level then rebounds to USD30k.
If price surpasses the resistance level, potentially can continue it's bullish momentum till USD40k.
Comment
At current level, price seems to be overbought based on the Stoch indicator. So a correction is likely.
Watching the resistance level closely as this will help me to determine if I can enter for a long position.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。