When this happens, we can essentially treat it similar to the Forex breakout strategy. This means that we’re watching for a break of support or resistance with the intent of trading in the direction of the break.
Short entry: 391-393
Stop (invalidation): 397
Profit target: 370
Disclaimer: Leveraged trading in cryptocurrency on margin carries significant risk and may not be suitable for all investors. Be advised, you should carefully consider whether trading is appropriate for you based on your personal circumstances. Trading involves risk. None of the information presented here should be interpreted as financial, trading or any other advice.