Hello folks, hope you all are doing well. Quick and short update for you if you are getting confused at the current price movement.
While writing this price is trading at 54290$, this area is a demand zone with some good support. All tho we can see the price hitting the 52k mark to 'low retest'. If we get there then bounce is highly likely from that area ( also 100MA support in daily) and that will be a good long entry with proper stop loss placing.
But if think we can see a reversal from here and don't want to miss an opportunity, you can buy partially and add more in dips.
As always trade safe and use low leverage with stop loss :)
While writing this price is trading at 54290$, this area is a demand zone with some good support. All tho we can see the price hitting the 52k mark to 'low retest'. If we get there then bounce is highly likely from that area ( also 100MA support in daily) and that will be a good long entry with proper stop loss placing.
But if think we can see a reversal from here and don't want to miss an opportunity, you can buy partially and add more in dips.
As always trade safe and use low leverage with stop loss :)
