BTCUSD: Bear should need some rest
Updated
BTCUSD is following long bearish trend, broke many support prices in between,
and now price near by 35250, acting as support level, and respected twice, might be
bullish rally could come at that level, volume looks sufficient to drive price
up in huge bearish trend.
long position possible at support price, and target could be at least to touch
near by resistance (36200).
! strong close below Support should be bearish move.
Technical- Based on Support/Resistance and Volume:
- Support:35250
- Resistance: 36660
! leave feedback or comment please.
Image-
and now price near by 35250, acting as support level, and respected twice, might be
bullish rally could come at that level, volume looks sufficient to drive price
up in huge bearish trend.
long position possible at support price, and target could be at least to touch
near by resistance (36200).
! strong close below Support should be bearish move.
Technical- Based on Support/Resistance and Volume:
- Support:35250
- Resistance: 36660
! leave feedback or comment please.
Image-
Trade active
keep trailing SL, 35600 isn't going to break easily (until strong close below that).Trade closed manually
Note
Touched near resistance level, then twice, resistance shifts to that price level.
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