Today price took a tumble taking us back in to the range.
At the time of writing price is trading just above the monthly open. I would like to see a significant break below this level.
What do I see happening from here?
I’ve got two targets for this short, both of these targets are potential long zones for me.
1st target $35k
2nd target $33k
I’m interested to see what price will do at $35k and/or $33k as a relief rally could be on the cards.
A potential hedge opportunity could be unfolding. Depending on how price reacts at those levels.
The reason I’m considering a long is because of the structural break I’m seeing on the daily chart.
Let’s see what happens.
At the time of writing price is trading just above the monthly open. I would like to see a significant break below this level.
What do I see happening from here?
I’ve got two targets for this short, both of these targets are potential long zones for me.
1st target $35k
2nd target $33k
I’m interested to see what price will do at $35k and/or $33k as a relief rally could be on the cards.
A potential hedge opportunity could be unfolding. Depending on how price reacts at those levels.
The reason I’m considering a long is because of the structural break I’m seeing on the daily chart.
Let’s see what happens.
Related publications
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.
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.