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 .
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
@yorickweyn, Don't worry. The next opportunity will is around the corner. Good luck in trading
Solldy
⋅
Very interesting opinion, but I don't think such a move is possible right now. I expect that the price now tends to go the other way to collect liquidity.
UnknownUnicorn15614419
⋅
That's a great idea! In the current situation, an asset is not very predictable, so thank you very much for posting!