Hello friends!
In this idea, I describe the reasons for considering trading in one direction or another based on the following criteria:
Resistance level - reversal;
There is energy accumulation before the level for a breakout;
Prolonged accumulation in a sideways channel;
Closing below the level (a good signal);
Parabolic energy accumulation before the level;
No reaction to a false breakout.
It's no secret that the markets reacted in the past week to the bankruptcy of a bank, and the Federal Reserve System
turned on the printing press once again. Against this backdrop, the markets began to grow, as they did during the COVID-19
pandemic. Don't forget that tomorrow there is news from the Federal Reserve regarding further interest rate changes, which
could affect market reactions.
Given the reasons outlined above, I expect the coin to grow in the near future. I plan to buy on a breakout above the level of $1,800.00.
Target #1: $2,020.00
Target #2: $2,161.00
Target #3: $2,446.00 in the best-case scenario.
Despite all the targets, I will close the deal at any time if I am not satisfied with the market.
Be careful, the market is currently very unstable, so enter only at strong levels and with stop-loss orders!!!
Wishing you all profitable trades!
In this idea, I describe the reasons for considering trading in one direction or another based on the following criteria:
Resistance level - reversal;
There is energy accumulation before the level for a breakout;
Prolonged accumulation in a sideways channel;
Closing below the level (a good signal);
Parabolic energy accumulation before the level;
No reaction to a false breakout.
It's no secret that the markets reacted in the past week to the bankruptcy of a bank, and the Federal Reserve System
turned on the printing press once again. Against this backdrop, the markets began to grow, as they did during the COVID-19
pandemic. Don't forget that tomorrow there is news from the Federal Reserve regarding further interest rate changes, which
could affect market reactions.
Given the reasons outlined above, I expect the coin to grow in the near future. I plan to buy on a breakout above the level of $1,800.00.
Target #1: $2,020.00
Target #2: $2,161.00
Target #3: $2,446.00 in the best-case scenario.
Despite all the targets, I will close the deal at any time if I am not satisfied with the market.
Be careful, the market is currently very unstable, so enter only at strong levels and with stop-loss orders!!!
Wishing you all profitable trades!