The price was moving up last 3 weeks without powerful volume. That's why I think it was just a pull back.
Also, cryptocurrency rate bounced several times from key level $7289.
2 Days ago the price made a fake broke of that level with high volume. For me it is a signal for future price decreasing.
Fundamental news also tells that the price will move down, because SEC (Security Exchange Commission) will clean up the cryptocurrency market. It is another signal that big players will not start trade it.
I recommend open a Sell near $7274
S/L: $7467
T/P: $6279
CCL — Candle created level
CAP — Candle Approved Level
FB — Fake broke
P.S. Push like and subscribe if you want to get more my free signals and market overview.
Also, cryptocurrency rate bounced several times from key level $7289.
2 Days ago the price made a fake broke of that level with high volume. For me it is a signal for future price decreasing.
Fundamental news also tells that the price will move down, because SEC (Security Exchange Commission) will clean up the cryptocurrency market. It is another signal that big players will not start trade it.
I recommend open a Sell near $7274
S/L: $7467
T/P: $6279
CCL — Candle created level
CAP — Candle Approved Level
FB — Fake broke
P.S. Push like and subscribe if you want to get more my free signals and market overview.
Trade active
The price is so close to the Take profit zone. Write a comment please, what do you think about this trade?
Trade closed manually
Closed 50% of positionTrade closed: target reached
The price hit Take Profit
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Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
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.