WE WILL TRADE THIS IDEA JUST AFTER CANDLE CLOSE UNDER THE NECKLINE!
VERY GOOD RISK/REWARD RATIO AT EVERY TARGET 💪🏻💰
WE WILL REALLY APPRECIATE IF YOU PUSH ON LIKE BUTTON👍, THANK YOU FOR YOUR SUPPORT!
Trade active
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⚠️ ⚠️ ⚠️ We are actually SHORT after the close of the candle, but this position need to be handle carefully cause BTC could breakup the Resistance and pull up all the altcoins. The price is still not sure where it wants to go, but for sure when it's going to take a direction it will be a big movement after such long consolidation. That's why we need such a small stop loss area.
Do you think it's gonna sink more? i think the next few weeks BTC will determine everything.
Bulls_VS_Bears
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@FindTheSun, Absolutely! With such big accoumutation/distribution on BTC, once the price will take a direction... it will be for a good time wherever it goes and of course all the alt will follow.
Arp must breakdown the level at 0.1650 EUR before we can see another short trend...which means it could also bounce on this level.
here there are a couple of choice we can make....
entry long on the support with a small stop loss if you see a rsi divergence
or entry short if it will break down the resistance ... waiting for a bounce under the resistance and small stop loss!
FindTheSun
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that last candle seems to be trending downwards, are we still waiting? :)
Bulls_VS_Bears
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@FindTheSun, We are actually SHORT after the close of the candle, but this position need to be handle carefully cause BTC could breakup the Resistance and pull up all the altcoins. The price is still not sure where it wants to go, but for sure when it's going to take a direction it will be a big movement after such long consolidation. That's why we need such a small stop loss area.