Hello traders,
last day of month. With low volume. I would suggest everyone to be carefull with trades since big volume might be seen soon.
With that said, my assuming is that Market is still Bearish. So we want preferably short WHEN we come to good sell price range. For me I targeted those on chart from 37.975 to 38.975. Keep in mind that we MAY not reach these prices before market reverse back down BUT assume that its possible we reach for last high marked in circle and that would be a time to short. With Stop Loss accordingly to your Risk/Reward ratio.
For me personaly its 40K$ price. If we broke above and close with confidence test there, I would reconsider that as highly possible end for Downtrend for unknown time. But until then Nothing changed.
Good luck
Joe
last day of month. With low volume. I would suggest everyone to be carefull with trades since big volume might be seen soon.
With that said, my assuming is that Market is still Bearish. So we want preferably short WHEN we come to good sell price range. For me I targeted those on chart from 37.975 to 38.975. Keep in mind that we MAY not reach these prices before market reverse back down BUT assume that its possible we reach for last high marked in circle and that would be a time to short. With Stop Loss accordingly to your Risk/Reward ratio.
For me personaly its 40K$ price. If we broke above and close with confidence test there, I would reconsider that as highly possible end for Downtrend for unknown time. But until then Nothing changed.
Good luck
Joe
