XBTUSD Expectation!!!
Updated
Hi Guys
XBT Short term shows a mini SYMMETRICAL TRIANGLE which can break in either way.
The plan is to short the top of the triangle with tight stop loss, and wait to buy it back at the other side of the triangle.
The range of price as of today ranges between 6500$-6200$
If you intend to sell the stop loss must be very tight as the price can breakup from the current price.
Our overall take is UP.(6800-6900)
But we think best entry will be in the zone of (6170$-6200$)
Our Immediate target still remain 6800$-6900$.
Possible Entry is clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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Thanks.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
XBT Short term shows a mini SYMMETRICAL TRIANGLE which can break in either way.
The plan is to short the top of the triangle with tight stop loss, and wait to buy it back at the other side of the triangle.
The range of price as of today ranges between 6500$-6200$
If you intend to sell the stop loss must be very tight as the price can breakup from the current price.
Our overall take is UP.(6800-6900)
But we think best entry will be in the zone of (6170$-6200$)
Our Immediate target still remain 6800$-6900$.
Possible Entry is clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
Join our discussion room for more about our trading signals.
Please do click on like icon and share our idea.
Thanks.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
Trade active
The price bounced off the support level at 6323$ area.Trade active
s3.tradingview.com/3/3L8QJ3Rg_mid.pngTrade active
Trade closed: target reached
6625$ achievedTrade closed: target reached
Second target achievedTrade active
Trade active
#XBTUSD
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