Hey guys!
BTC dominated the Alts within the last few days ... the market became even more volatile, and we have to see where to go.
Within the last 5 days STR came down from 5000 very fast and crashed its longterm bullish trendline (circle)
But ... we can see downtrend slowing down a bit. We got a big support zone around 4000-4100, and RSI also giving us good signals.
Time for a bullish run!
The next bigger resistance is around 5000, support 4000, giving us good opportunity for a quick trade.
I would set a stop loss around 3960 and target 4950, giving us a chance risk ratio >2.
Happy trading!
**** Notice: That is my personal oppinion, no trading advice. Your money, your trade, your risk and your responsibility!
BTC dominated the Alts within the last few days ... the market became even more volatile, and we have to see where to go.
Within the last 5 days STR came down from 5000 very fast and crashed its longterm bullish trendline (circle)
But ... we can see downtrend slowing down a bit. We got a big support zone around 4000-4100, and RSI also giving us good signals.
Time for a bullish run!
The next bigger resistance is around 5000, support 4000, giving us good opportunity for a quick trade.
I would set a stop loss around 3960 and target 4950, giving us a chance risk ratio >2.
Happy trading!
**** Notice: That is my personal oppinion, no trading advice. Your money, your trade, your risk and your responsibility!