The "red" zone I consider a resistance zone, in the past acted as a good support. So the risk is now it will behave as a good resistance area. But with the current BTC going up and dominance going down, the market sentiment is green so Its a good chance the resistance area will be broken.
My plan is to open a LONG position now, SL at around 0.12350, add to the position when its clearly breaking 0.13, and have the following TP levels: 0.1455 / 0.1543 / 0.1645
My plan is to open a LONG position now, SL at around 0.12350, add to the position when its clearly breaking 0.13, and have the following TP levels: 0.1455 / 0.1543 / 0.1645
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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.