A bounce on the 6000$ support with a double bottom ?
As there is a strong support around 6000$, I would buy with 3 limit orders on 3 levels :
- 6350$ with a small trade
- 6050$ a bigger position
- 5600$ I will load the boat… ;-)
This is a short term trade with a target around 7200$ (+28%) because there is a high probability that the price will bounce back at this level just below the small resistance and then might go lower or break that resistance.
If the target is reached, I will close 80% of my positions and keep 20% just in case the 7200$ resistance is broken.
Good luck !
- 6350$ with a small trade
- 6050$ a bigger position
- 5600$ I will load the boat… ;-)
This is a short term trade with a target around 7200$ (+28%) because there is a high probability that the price will bounce back at this level just below the small resistance and then might go lower or break that resistance.
If the target is reached, I will close 80% of my positions and keep 20% just in case the 7200$ resistance is broken.
Good luck !
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