RLC/BTC (Triangle Pattern? Bearish?)
BINANCE: RLCBTC
-The price retested the previous support area
-A good bounce happened and will likely retest the trendline resistance
-The 8400 sat range is a strong confluence of previous resistance turned support
-How do you trade this market situation?
-Buy at key support with a tight stop loss and target the trendline resistance
-2nd is to buy the breakout of the trendline resistance because it will signal a trend change
-This is a high-risk trade so please use small allocation only
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
**If you like my daily Published Ideas
**Please don't forget to leave a thumbs up & comment
**Happy Trading! Thank you! :)
-The price retested the previous support area
-A good bounce happened and will likely retest the trendline resistance
-The 8400 sat range is a strong confluence of previous resistance turned support
-How do you trade this market situation?
-Buy at key support with a tight stop loss and target the trendline resistance
-2nd is to buy the breakout of the trendline resistance because it will signal a trend change
-This is a high-risk trade so please use small allocation only
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
**If you like my daily Published Ideas
**Please don't forget to leave a thumbs up & comment
**Happy Trading! Thank you! :)
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