Hi, friends.
BTCUSD is in the wide consolidation (balance1) with a range 6000-9500.
On intraday charts we have an up trend. And it's a good opportunity to take some profit.
For good trade we need a strong support level and I think level 8470 will be stand.
But If false break out happens and the price will return back into the balance2 you need to close position immediately.
Trade recommendation
Entry point - 8475
Stop - 8140
Target 1 - 9275
Target 2 - 9499
BTCUSD is in the wide consolidation (balance1) with a range 6000-9500.
On intraday charts we have an up trend. And it's a good opportunity to take some profit.
For good trade we need a strong support level and I think level 8470 will be stand.
But If false break out happens and the price will return back into the balance2 you need to close position immediately.
Trade recommendation
Entry point - 8475
Stop - 8140
Target 1 - 9275
Target 2 - 9499