Nice bounce on the bottom of the range & the long bullish trend
Yesterday there was a nice movement on the price ( about +16%), i took part of my profit and kept about 25% of my positions.
It has been in a range since February with a bottom around 6500$. The good news is that it bounced on this bottom and on the long term bullish trend... As long as the price stays above this bullish I am long.
2 possible scenarios :
- there is a nice momentum and the price will break this small resistance at 8000$ and go to 9000$
- Since the volume is not that high, we can see the price bounce on the resistance back to 7300$, this is where i will buy again
Good luck !
It has been in a range since February with a bottom around 6500$. The good news is that it bounced on this bottom and on the long term bullish trend... As long as the price stays above this bullish I am long.
2 possible scenarios :
- there is a nice momentum and the price will break this small resistance at 8000$ and go to 9000$
- Since the volume is not that high, we can see the price bounce on the resistance back to 7300$, this is where i will buy again
Good luck !