TRADE OF THE DAY | RVN broke year old support pot. 18% Short
TRADE OF THE DAY | RVN broke year old support pot. 18% Short
Not an overly complex trade here, lost a support that has held of a year with the initial bounce momentum slowing down on the retrace it is shaping up for quite a nice entry with some strong resistances now between entry and Stop-loss and a very comfortable take profit target sitting inside the first key support. Please beware that BTC is insanely volatile at the moment with the current SEC impact - which put this as a higher risk trade regardless of the strong technicals.
Not an overly complex trade here, lost a support that has held of a year with the initial bounce momentum slowing down on the retrace it is shaping up for quite a nice entry with some strong resistances now between entry and Stop-loss and a very comfortable take profit target sitting inside the first key support. Please beware that BTC is insanely volatile at the moment with the current SEC impact - which put this as a higher risk trade regardless of the strong technicals.
