Potential path that BCH / EUR follows, taking into account recent support / resistance levels, massive sell-off on the RSI and big engulfing Bearish candles. Will be interesting to see how this plays out. if 1.32 level gets taken, expect a large drop.
Note
Trade currently over 2% in profit, would move Stop Loss here to entry level. Obviously trade is BCH / ETH, not BCH / EUR.Note
Update, switching to Long here. Buy Order set at 1.380, S/L will be set at 1.323. 3R Trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.