Sand has seems to have bottom out on a higher timeframe range. Price is just about to reclaim Poc and local 0.618 resistance where the majority of the tradingvolume is.
If price reclaims that level i do expect price to break the trendline and make a potential bullish marketstructure.
First entry is reclaim of local 0.618 and poc retested as support. Second entry is retest of Vah local range if price breaks out.
Target 1: Weekly resistance and Hvn
Target 2: Entire range Vah+0.618 resistance.
All marked out on the chart.
Be carefull. If Sand breaks this big range. We have the potential to go lower. This setup will only be valid if Bitcoin goes bullish again.
No FA. Use stop loss and good risk management.
If price reclaims that level i do expect price to break the trendline and make a potential bullish marketstructure.
First entry is reclaim of local 0.618 and poc retested as support. Second entry is retest of Vah local range if price breaks out.
Target 1: Weekly resistance and Hvn
Target 2: Entire range Vah+0.618 resistance.
All marked out on the chart.
Be carefull. If Sand breaks this big range. We have the potential to go lower. This setup will only be valid if Bitcoin goes bullish again.
No FA. Use stop loss and good risk management.