The dead cat bounce was retraced last week along with all other markets and hit the trend line nicely. If we break the support zone highlighted (which is a major leve) the next stop is around the $16,000 area (which isn't a strong level at all) and then $11,000. We haven't cleared any trend line and have respected the 50 EMA for over 5 months now.
For investors, this is fantastic news. For traders and who are shorting, this is fantastic news.
For investors, this is fantastic news. For traders and who are shorting, this is fantastic news.
Trade active:
Entry: 19936.70
Take Profit: 19152.50
Stop Loss: 21168.50
Take Profit: 19152.50
Stop Loss: 21168.50
Trade closed: target reached