Price broke strong resistance, and there is a high probability that previous resistance will become our next support before going up.
Also see how the trend is changing to bullish, price is making higher highs and higher lows.
The best entry is to wait for price to come back to 0.0003993 and long from there.
Remember: When resistance is broken, very often it becomes support.
Also see how the trend is changing to bullish, price is making higher highs and higher lows.
The best entry is to wait for price to come back to 0.0003993 and long from there.
Remember: When resistance is broken, very often it becomes support.
Trade active
As expected price came back to the weekly level with is becoming support now!
Entry long @ 3993
SL: 3744 (below the red OB)
TP: Just let it ride for the moment, I will update once we make a higher high
Let me know what you think in the comments.
Have a wonderful day!
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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.
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.