Hello guys.
Hope you had good trades today.
As BTC was rejected today from an important level, I think the bears gain strength in the market and the market would lend to a correction for some days.
One was also rejected from this level if we look closer to 4h chart, the red candle with high volume covers the two green candle which I thought was a breakout. So the break out is failed for now. The RSI also confirms this.
Therefore I think there should be correction.
Happy trading and I hope you all benefit. :)
The setup is my personal setup but you may do as you think.
Hope you had good trades today.
As BTC was rejected today from an important level, I think the bears gain strength in the market and the market would lend to a correction for some days.
One was also rejected from this level if we look closer to 4h chart, the red candle with high volume covers the two green candle which I thought was a breakout. So the break out is failed for now. The RSI also confirms this.
Therefore I think there should be correction.
Happy trading and I hope you all benefit. :)
The setup is my personal setup but you may do as you think.
Comment:
The second target is also reached. Personally I closed 70% of the order and the rest I wait for third.
Trade closed: target reached:
Target reached.