We have been in a tight range for one months.
Following my previous analysis here, we have now broken the lower part of the range.
Accordingly, it is time to take a short position.
Here is my plan:
Trading Plan to Sell:
Entry price: Around 610$
Stop Loss: We exit if the price goes back into the range at 650$.
Take profit: Before the second major support and before other traders take their profits at 520$.
Risk/Reward Short: 40$ / 100$
Good Luck!
If you want to learn more about Crypto Trading, check out this free Bitcoin trading Class
Following my previous analysis here, we have now broken the lower part of the range.
Accordingly, it is time to take a short position.
Here is my plan:
Trading Plan to Sell:
Entry price: Around 610$
Stop Loss: We exit if the price goes back into the range at 650$.
Take profit: Before the second major support and before other traders take their profits at 520$.
Risk/Reward Short: 40$ / 100$
Good Luck!
If you want to learn more about Crypto Trading, check out this free Bitcoin trading Class