Wait and see at this level
Hello Friends!
I entered a trade at 38K and exited at 48K. Now I’m waiting for a confirmed breakout above $48,300 (200 day moving average). It must breakout and hold above that level (prefer above
49K to 50K) for a few days for me to trade the next potential levels up. Maybe wait until the weekly candle closes and watch the volume to support the price action.
Here are the next levels up if it breaks above the 200 day:
-57K
-
65K
-70K
Break below the 200 day might push it down a few levels to the bottom of the channel.
-
42K
-37K
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
I entered a trade at 38K and exited at 48K. Now I’m waiting for a confirmed breakout above $48,300 (200 day moving average). It must breakout and hold above that level (prefer above
49K to 50K) for a few days for me to trade the next potential levels up. Maybe wait until the weekly candle closes and watch the volume to support the price action. Here are the next levels up if it breaks above the 200 day:
-57K
-
65K-70K
Break below the 200 day might push it down a few levels to the bottom of the channel.
-
42K-37K
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
交易進行
Next downside target 34.5K
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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。