The coin is trading under the support zone of 1500, from this zone the price was bought off several times. It does not mean that it will be so this time, just observations from the chart.
The price is just testing that zone as it has turned into resistance.
1D
The price has been standing like many coins in a sidewall, at this point there is a breakdown of it. On the cheap bitcoin, the price could go back into the 1500-4500 range.
4H
I will close on a stop if we go below 1250 with consolidation back to sideways.
1W for clarity.
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Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
The price is just testing that zone as it has turned into resistance.
1D
The price has been standing like many coins in a sidewall, at this point there is a breakdown of it. On the cheap bitcoin, the price could go back into the 1500-4500 range.
4H
1W for clarity.
If you liked this material, please like it and subscribe, so you won't miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
