Looking for break and successful retest of resistance
Updated
Enter trade on break and successful retest of resistance line
If trend line (pink) is broken. We re-test support.
If support is broken. We go lower
If trend line (pink) is broken. We re-test support.
If support is broken. We go lower
Note
Looks like the Trend Line (pink) was broken and we tested and held the support line as suggested in point 2. Will watch this to see if we form a new up trend within the support and resistance channel and will update the idea or post new idea once confirmed. BTC is commanding the ALT market at the moment. We are not in ALT season yet but it is probably coming.Note
Nicely heading for Target 1Note
Targets 1, 2 , and 3 are still valid if we can get above resistance again. COMP currently following Bitcoins minor pullback from 40k
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