ENGINERSIN giving a good BreakoutEngineers India Ltd. engages in providing engineering, technical, and consultancy services. The firm operates through the following segments: Consultancy & Engineering Projects and Turnkey Projects. The company was founded on March 15, 1965 and is headquartered in New Delhi, India.
Stop-Loss: 268
Target: 350
Consider exiting half your position after a 10-12% gain and hold the rest to capture the trend.
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a professional advisor before making any investment decisions.
Insititutionaltrader
BTC READY FOR A PULLBACKHey traders,
I don't usually share my longer term views on BTC but I decided give you guys a treat today.
BTC has been rallying off the accumulation which I had spotted months ago and volume has reacted just like I had predicted and price already hit my first take profit on spot.
However we've had very little room to breathe with many imbalances being created on the way up. And when price traded up into the orderblock at 44k-46k , price rejected predictably and has begun to move lower, likely forming a swing high.
Prediction:
While I see that there's bullish breaker at the 42k level, I'm anticipating price to trading through and into the orderblock denoted by the red arrow. This is where I might look to go long on BTC again.
However if we break below 37k, we will likely be headed much lower.
Please like and follow for detailed price action breakdowns like this, and best of luck traders!