Preferred direction: SELL
Comment: Our previous purchases on the coin were closed with profit. However, surprisingly, the price continues to trade at updated highs and does not roll back. Against this background, it can be argued that the power of the buyer, at least in the short term, is very great. In this regard, the most likely scenario today is a preliminary increase towards the levels of $75 000 and $76 000, and after that, a potential downward correction may be expected. This market maneuver is described in our scenario №1, which can be seen on the chart. Scenario №2 assumes a fall from approximately current prices, but this is a less likely scenario.
The target for the fall is at the level of $68 000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Our previous purchases on the coin were closed with profit. However, surprisingly, the price continues to trade at updated highs and does not roll back. Against this background, it can be argued that the power of the buyer, at least in the short term, is very great. In this regard, the most likely scenario today is a preliminary increase towards the levels of $75 000 and $76 000, and after that, a potential downward correction may be expected. This market maneuver is described in our scenario №1, which can be seen on the chart. Scenario №2 assumes a fall from approximately current prices, but this is a less likely scenario.
The target for the fall is at the level of $68 000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
Trade active
Trade closed: target reached
Note
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.