looks more optimistic than Bitcoin
. The price reaches SMA100 which acts as a strong support line. The price can bounce from this zone and move to 1000.00 resistance level
. In spite of MACD
and DMI confirm downward movement, the current levels are good for buying for long term. Also if you don't use margin and ready to start building long term positions, it's possible to open buy trades even without stop orders. But the main thing is, the trade volume
should not be too big, just up to 10% from the capital size will be good. The market can break SMA100 and drop lower, and we have to think about it also. The next support zone
will be at 500.00 level. This support also will be good for new buy positions.