nativetulip087

Confirmation of Support - Resistance Flip validates longs

BINANCE:BTCUSDT   Bitcoin / TetherUS
178 views
4
Confirmation of the support level (~$32,200) flipping to resistance indicates downwards momentum in the short term.

A 4hr close underneath the support/resistance would confirm the flip, bringing the target to ~$31,000.

Longs from this point should be validated.
Comments will indicate entry price,

Expect a move to the $31,000 level within the next 12 hours.

Comments

Longs: Validated

Re-test of ~$32,200 level to confirm flip on resistance to support.

Entry: $32,270
S/L : $31,770
TP: $34,670
Reply
nativetulip087 nativetulip087
@nativetulip087,

TP triggered @ $34,670

Profit = 7.44%
Reply
Neglected entry due to 1hr candle closing below the support at $31,000.

Entries evaluated upon testing of ~$32,200 level.
Reply