XBTUSD Short time Projection(Upside Reversal)

The chart is self explanatory, as we are expecting price to slowly rally up from the current level to test the other side of the channel where we have our Resistance zone.

We have stop loss level stated on the chart for BUYERS which mean any breakdown below the level will implies huge success for SELLERS and support zones are also indicated down the lines.

RSI show significant possible reversal pattern.

Possible Entry and exit targets are clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

Trade stängt: målet nått:

first target achieved

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Trade continuation

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We need to watch the price not to invalidate the wave count. The whole wave count will be invalidated if price drop below 6225$

Trade stängt: målet nått:

Nice bounce price did not close below 6225$, we did hit our second target at 6468$

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#XBTUSD

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