XBT Short term shows a mini SYMMETRICAL TRIANGLE which can break in either way.
The plan is to short the top of the triangle with tight stop loss, and wait to buy it back at the other side of the triangle.
The range of price as of today ranges between 6500$-6200$
If you intend to sell the stop loss must be very tight as the price can breakup from the current price.
Our overall take is UP.(6800-6900)
But we think best entry will be in the zone of (6170$-6200$)
Our Immediate target still remain 6800$-6900$.
Possible Entry is clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
Join our discussion room for more about our trading signals.
Please do click on like icon and share our idea.
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. I would really appreciate it.
Thank you for your support.