Hello Friends!
I entered a trade at $38K and exited at $48K. Now I’m waiting for a confirmed breakout above $48,300 (200 day moving average). It must breakout and hold above that level (prefer above $49K to $50K) for a few days for me to trade the next potential levels up. Maybe wait until the weekly candle closes and watch the volume to support the price action.
Here are the next levels up if it breaks above the 200 day:
-$57K
-$65K
-$70K
Break below the 200 day might push it down a few levels to the bottom of the channel.
-$42K
-$37K
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
I entered a trade at $38K and exited at $48K. Now I’m waiting for a confirmed breakout above $48,300 (200 day moving average). It must breakout and hold above that level (prefer above $49K to $50K) for a few days for me to trade the next potential levels up. Maybe wait until the weekly candle closes and watch the volume to support the price action.
Here are the next levels up if it breaks above the 200 day:
-$57K
-$65K
-$70K
Break below the 200 day might push it down a few levels to the bottom of the channel.
-$42K
-$37K
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Trade active:
Next downside target $34.5K