BTCUSD - Short Term - Looking for a bounce
The bearish divergence from yesterday played out and the price moved down. Having multiple touches before a drop, the price respected the local resistance within the channel well.
We are looking for a LONG, initiated by a bounce from the bottom channel.
We will look to exit position based on the volume during break upwards, break of the local resistance within the channel, and candle closes above point of control (POC).
LONG entry range : $6.4K to $6.2K with a stop-loss on a close below the channel.
We are looking for a LONG, initiated by a bounce from the bottom channel.
We will look to exit position based on the volume during break upwards, break of the local resistance within the channel, and candle closes above point of control (POC).
LONG entry range : $6.4K to $6.2K with a stop-loss on a close below the channel.
Smart Crypto Association [ SCA ]
