BTCUSDT - long priority remains, but...
Hello traders and friends!
The price has reached the intended level 9150. And then after pullback his level was successfully break out.
Priority remains long.
Now the price is forming a new balance and we have a false breakdown of the lower border. We can try to make long now, but such an entrance will be aggressive, because we have a resistance level of 9290 ahead and it will be much safer to buy above 9300, after breakout. Since the price is already high and you need to enter with confirmation.
Of course, ideally, it would be nice if the price dropped lower, to 8870 or 9015, but Bitcoin correction is very weakly, so we need to look for opportunities along the trend.
All profits to you.
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The price has reached the intended level 9150. And then after pullback his level was successfully break out.
Priority remains long.
Now the price is forming a new balance and we have a false breakdown of the lower border. We can try to make long now, but such an entrance will be aggressive, because we have a resistance level of 9290 ahead and it will be much safer to buy above 9300, after breakout. Since the price is already high and you need to enter with confirmation.
Of course, ideally, it would be nice if the price dropped lower, to 8870 or 9015, but Bitcoin correction is very weakly, so we need to look for opportunities along the trend.
All profits to you.
Risk Disclaimer: Futures, stocks, crypto and options trading involves substantial risk of loss and is not suitable for every investor. Any content from mooncatcher should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Past results are no indication of future performance. Mooncatcher is not responsible for any losses incurred as a result of using any of our trading strategies.
take.ms/hvcQW
Other half moved on breakeven stop and take 9890.
M5 and M15 remains bullish.