- Our Last update was a warning that BTC will retest 36500 support,
and that was exactly what happened and BTC almost reached the target.
- Bulls entered at 36600 and was able to push the price again to test 38700 resistance.
- Till now this resistance seems unbreakable, so, we may open trade after the breakout.
- and for sure as long as we are under this resistance, bears will take control.
#BTC | Breakout Signal
Entry price: after a daily close above 38750
(Valid for the next 48h)
Targets:
- 41600
- 46700
- 50700
Stop-loss: A daily candle closes under 38700
Recommended risk is 0.5%
Recommended Position Size : 10%
and that was exactly what happened and BTC almost reached the target.
- Bulls entered at 36600 and was able to push the price again to test 38700 resistance.
- Till now this resistance seems unbreakable, so, we may open trade after the breakout.
- and for sure as long as we are under this resistance, bears will take control.
#BTC | Breakout Signal
Entry price: after a daily close above 38750
(Valid for the next 48h)
Targets:
- 41600
- 46700
- 50700
Stop-loss: A daily candle closes under 38700
Recommended risk is 0.5%
Recommended Position Size : 10%
