Trade Alert
The crypto is trading within a decent range, so unless you are a range-trader, we will have to wait until we take a position.
For us to get comfortable with the upside, we would need to see a break and a close above the 0.6260 level, which is the upper bound of the range. This way we could start examining the 0.70s.
Alternatively, a break below the 0.4850 area, could open the way down to test from above the long-term downside resistance line, taken from the peak of the 10th of February.
Be careful and always have your SL in place.
The crypto is trading within a decent range, so unless you are a range-trader, we will have to wait until we take a position.
For us to get comfortable with the upside, we would need to see a break and a close above the 0.6260 level, which is the upper bound of the range. This way we could start examining the 0.70s.
Alternatively, a break below the 0.4850 area, could open the way down to test from above the long-term downside resistance line, taken from the peak of the 10th of February.
Be careful and always have your SL in place.