It looks like the king of the crypto market is going to retest the bottom of the ascending channel, i think that it would be a good idea to looking for longs at
the bottom of the channel, however, if it holds the blue box that seems to be a good entry . Orders at the *purple line 40500-41000, *orange line 39000-39500 and *bottom of the ascending channel 38500-37500. Targets 43,45,48,51k .
Taking into account that everything is possible if it breaks down the ascending channel and closes a daily candle below that would be very bearish and looking for shorts would be a good idea with an entry in the retest and a tight stop loss order with target 29500
This in only my opinion, is not a financial advice, never risk your capital before making your own research and having a good risk management.
I would be pleased to see what do you think in the comments.
Regards and happy trading neither fear nor hope.
the bottom of the channel, however, if it holds the blue box that seems to be a good entry . Orders at the *purple line 40500-41000, *orange line 39000-39500 and *bottom of the ascending channel 38500-37500. Targets 43,45,48,51k .
Taking into account that everything is possible if it breaks down the ascending channel and closes a daily candle below that would be very bearish and looking for shorts would be a good idea with an entry in the retest and a tight stop loss order with target 29500
This in only my opinion, is not a financial advice, never risk your capital before making your own research and having a good risk management.
I would be pleased to see what do you think in the comments.
Regards and happy trading neither fear nor hope.