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PolarHusk
Aug 26, 2020 5:58 PM

BAL/BTC (Potential Breakout?) 

BAL / BitcoinBinance

Description

BAL/BTC

-Balancer is currently testing multiple times the resistance area
-We can see a key zone where the price keeps rejecting at 23000 sat
-If you missed buying the low price at around 15000 sat
-This time, you will have to play the breakout confirmation
-Entering on a strong break of resistance or pullback retest of support
-This is a momentum trading style of entry, you are riding the strength
-The potential upside scenario is up to 31300 or higher using Fib extension
-Ideal stop-loss is below 22000 sat because we don't want the price going lower
-Since our trade bias is through momentum breakout
Comments
BaDollar
Any update here, sir?
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