bitcoin failed to break ATH but it was understandable it cant so quickly just cut through it. I believe this is very logiccal retracement and and 56139 is nice chnace for bounce back and opportunity to fill your bags little bit more. For future trades open small position or low leverege and try put SL to entry if it retrace at least 400USD otherwise stop could be 55000 target 58000 target 2 59800 target 3 60800 I will take small trade from there also to test waters.
56139 is fibonacci level from fresh yesterday rally plys there is 50EMA from 1H definitely points many traders notice and so they put buy orders there what happenes when price come there?? Easy all buy orders get executed and price jump up at least it should jump enough giving opportunity to put SL at entry are bulls stronger than bears I believe yes but nobody can be 100% sure what Im more sure is that there should be some retracement.
56139 is fibonacci level from fresh yesterday rally plys there is 50EMA from 1H definitely points many traders notice and so they put buy orders there what happenes when price come there?? Easy all buy orders get executed and price jump up at least it should jump enough giving opportunity to put SL at entry are bulls stronger than bears I believe yes but nobody can be 100% sure what Im more sure is that there should be some retracement.
Kommentera:
ok retraced congrats if you took trade if you dont want risk too much and took high leverage then SL at entry or 55700 or 55000 for spot holders