BTC Break important support

Тема в разделе "English", создана пользователем Trading Ideas, 3 окт 2019.

  1. Trading Ideas

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    BTC Break important support
    Bitcoin / TetherUS BINANCE:BTCUSDT
    weslad
    BkqT8x4D_mid.png
    Hi guys,

    We lost important support around 9400$ through 9000$ zone. which triggered an extensive correction possibility.
    idea-image-placeholder.svg


    Right now we are trading below this very strong zone which now acting as a resistance for price. Since this breakdown happen price has been settling down for possible next move.

    Therefore, my immediate view will be to wait for price to test out the zone(9400-9000) for at least one time before further drop or waiting for price to break the current low to go for full time short towards the next support zone around (6800-7000).
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    Furthermore, I will personal like to take some reasonable risk of going long with mindset of taking my profit around the re-test zone but my stop loss will be very tight below the current low.
    idea-image-placeholder.svg


    Note:
    If my stop loss trigger that will confirmed a new low which mean all is set for a further drop towards the stated established immediate support zone .

    Do know that I appreciate your effort and the time spend in reading and watching my posts and Please leave a LIKE and FOLLOW us for more updates.

    Thank you

    Note:
    It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

    Set up an entry/exit strategy for every trade, with good risk/reward ratio.
     
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