We expect that the price will get rejected at the strong resistance ($21,600 - $22).
You can short it (stop loss recommended) or be patient and wait for a price to drop into our buy zone ($10-$11). From there we expect a pump towards strong resistance again which would be over 100 % gain.
Mid-term the market remains bearish overall .
You can short it (stop loss recommended) or be patient and wait for a price to drop into our buy zone ($10-$11). From there we expect a pump towards strong resistance again which would be over 100 % gain.
Mid-term the market remains bearish overall .
Comment:
The price is currently below previous support which should be acting as a resistance now. We´re still expecting the price to reach our buy zone. Good progress so far.
Comment:
The price is heading to the buy zone. Patience required
Trade closed: target reached:
Target reached perfetly . Congratulations!
Comment:
The price may retest the buy zone again. It would be a great entry for a long position
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