Having re-entered the eternal range - looking for a break either way before opening a position.
On break of the support region
- Looking to open shorts targeting the yearly lows
On touching the resistance region
- Opening short positions for another bounce in the range (tight stop just above region)
- If red is broken and retested cleanly, opening long with $6850 initial target
SEE twitter.com/rey_trad.../1030785474128961536 for example of clean retest
On break of the support region
- Looking to open shorts targeting the yearly lows
On touching the resistance region
- Opening short positions for another bounce in the range (tight stop just above region)
- If red is broken and retested cleanly, opening long with $6850 initial target
SEE twitter.com/rey_trad.../1030785474128961536 for example of clean retest
Trade active:
Entered short position at top of range on the wick as planned
Tight stop and watching closely as BTC looks strong here
Tight stop and watching closely as BTC looks strong here
Trade closed manually:
Closed short on pullback
BTC has held the top half of the range and is looking strong - Feeling bullish and will update my plan accordingly
BTC has held the top half of the range and is looking strong - Feeling bullish and will update my plan accordingly