Even we are in likely a down trend, the short term seems to suggest to BUY current and below. I remain unchanged in that view today.
The stochastic is slightly negative, but RSI oversold and the Donchian support looks reasonable.
Strategy remains, BUY current $ 2,450-2,500-2,550 range for profit target $ 2,825 for now. Add after 2,325 and 2,250. Stop-loss I suggest $ 2,150 to be safe in case. Of course trading crypto requires very tiny leverage and buying into weakness to improve average is advised. Always maintain a scaling in strategy when it comes to proper averaging. I am sure you all know :) have a great day everyone.
The stochastic is slightly negative, but RSI oversold and the Donchian support looks reasonable.
Strategy remains, BUY current $ 2,450-2,500-2,550 range for profit target $ 2,825 for now. Add after 2,325 and 2,250. Stop-loss I suggest $ 2,150 to be safe in case. Of course trading crypto requires very tiny leverage and buying into weakness to improve average is advised. Always maintain a scaling in strategy when it comes to proper averaging. I am sure you all know :) have a great day everyone.
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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.