Looking at the beginning of April, The market resisted the breakout but bulls were able to stop downward trend and started trading sideways. Currently, the bulls took over by breaking out the sideway trading which will lead to a start of an upward trend. Before the takeoff, the support will be retested which will be a great entry point (marked on the chart). This idea is just for short to medium trading. The analysis for long term show different goals!
I would recommend selling 50% at target 1, 25% at target 2 and 25% at target 3. You can rebuy after selling at each target to have a better position. Buying positions will be updated when targets are reached.
Good luck trading :)
***This information is not a financial advice. I still learning and practicing.***
I would recommend selling 50% at target 1, 25% at target 2 and 25% at target 3. You can rebuy after selling at each target to have a better position. Buying positions will be updated when targets are reached.
Good luck trading :)
***This information is not a financial advice. I still learning and practicing.***
Note
Retesting the support. Trade is still active.Note
Target 1 changed as its starting to trade in an upward trend.Note
The initial target 1 reached. if you sold here, rebuy positions are shown in the chart belowNote
Sold at the first target, rebought at the rebuy zone and now we are heading to target 2. This is going very well so far.Note
Target 2 reached. rebuy zone at around 3950-4050 satoshi.Trade closed: target reached
Target 3 reached. Trade is closed
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.