BANDUSDT: Possible short and BIG long (03.12.2020)
At D1, the price broke the downtrend line and also found resistance at $ 8. Besides, the RSI reached the overbought level, after which a local correction began.
On H4, the price has also broken through the uptrend line and is currently correcting upward. RSI is at the overbought level, indicating that the decline will start soon.
We recommend selling BAND from the $ 7.2 level to buy the asset at the $ 4.6 level, followed by holding a long position from the $ 4.6 level to the $ 12 level.
On H4, the price has also broken through the uptrend line and is currently correcting upward. RSI is at the overbought level, indicating that the decline will start soon.
We recommend selling BAND from the $ 7.2 level to buy the asset at the $ 4.6 level, followed by holding a long position from the $ 4.6 level to the $ 12 level.
