According to my analysis, XBTUSD is going to touch resistance by the end of today or tomorrow.
- Bears not motivated to push price down
- Trending up MA 10, 21, 50, 100 & 200
- Accumulation is ongoing
Therefore, Resistance to touch next is 10450.
Trade Setup
Entry = 10200 - 10250
Take Profit 1 = 10350 (Close half of your position)
Take Profit 2 = 10425 (Fully close position or bring stop loss unto 10350)
Let me know if you liked this
- Bears not motivated to push price down
- Trending up MA 10, 21, 50, 100 & 200
- Accumulation is ongoing
Therefore, Resistance to touch next is 10450.
Trade Setup
Entry = 10200 - 10250
Take Profit 1 = 10350 (Close half of your position)
Take Profit 2 = 10425 (Fully close position or bring stop loss unto 10350)
Let me know if you liked this
Trade closed: stop reached