Bitcoin: Long Position Was Activated at 9000USD Support
The long positions, which I described in the previous post, was activated. The price bounced from 9000USD support zone and moved up. RSI is going to confirm the price reversal. MACD and DMI are bearish, but if the price can stay above 9000USD, they will reverse and confirm the upward movement.
As we don't have fundamental catalysts, I think the continuation of the sideways movement will be logical. Of course, if someone wants to play with the price, we will see a weird movement. But I think it will have a short effect on the market.
Here is an example of a long trade:
Buy above 9050USD
Stop below 8895USD
Profit target at 9485USD
Risk per trade must be 3-5% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
As we don't have fundamental catalysts, I think the continuation of the sideways movement will be logical. Of course, if someone wants to play with the price, we will see a weird movement. But I think it will have a short effect on the market.
Here is an example of a long trade:
Buy above 9050USD
Stop below 8895USD
Profit target at 9485USD
Risk per trade must be 3-5% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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