Weak Price Action ▶️ Strong Price 🟢 Bulls're Back 🐂 TP: $37500
Weak Price Action ▶️ Strong Price 🟢 Bulls're Back 🐂 TP: $37500
"The price action is boring, but that's good news for Bullish traders."
We predicted the long from $33100 to $36500 in our Idea: Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔
We saw the short from $36500 to $32800 in our following Idea: Surprise Short 🔥 Bulls Are Alive, But Sick 🩸
And we were wrong because we thought that we would hit $40 000 this week.
But that is your good news.
While traders complain about "weak" price action, the price gathers strength.
KEY POINTS:
- RSI is Bullish
-- Bears lost Momentum
- Price Action hit Double Support: Historic Support Area, Channel Lower Support
-- Bounce confirmed
- Volume is too low for a down break
-- What is more, whatever volume we see favors Bullish
The funding rate favors the Bullish side.
We Take Profit on our previous short and open a "long" here:
Leverage: x20
Pair: BTC/USDT
Side: Bullish/Long
Entry: $33 200
Target: $37 500
Stop Loss: Daily close below $29 000 + 6 six hours
"The price action is boring, but that's good news for Bullish traders."
We predicted the long from $33100 to $36500 in our Idea: Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔
We saw the short from $36500 to $32800 in our following Idea: Surprise Short 🔥 Bulls Are Alive, But Sick 🩸
And we were wrong because we thought that we would hit $40 000 this week.
But that is your good news.
While traders complain about "weak" price action, the price gathers strength.
KEY POINTS:
- RSI is Bullish
-- Bears lost Momentum
- Price Action hit Double Support: Historic Support Area, Channel Lower Support
-- Bounce confirmed
- Volume is too low for a down break
-- What is more, whatever volume we see favors Bullish
The funding rate favors the Bullish side.
We Take Profit on our previous short and open a "long" here:
Leverage: x20
Pair: BTC/USDT
Side: Bullish/Long
Entry: $33 200
Target: $37 500
Stop Loss: Daily close below $29 000 + 6 six hours
Trade active:
Leverage: x20
Pair: BTC /USDT
Side: Bullish /Long
Entry: $33 200
Target: $37 500
Stop Loss: Daily close below $29 000 + 6 six hours
Pair: BTC /USDT
Side: Bullish /Long
Entry: $33 200
Target: $37 500
Stop Loss: Daily close below $29 000 + 6 six hours
Comment:
Look how well our Support Area trapped the Bears, and now, our followers' diamond hands are in piles of profit!
Trade closed: target reached:
We've Taken Profit on all Longs.
Comment:
I believe we can congratulate each other 💸