BTCUSD 1h range trading
Updated
The price is currently in the mid of the range which is a paradise for a range traders.
Simple trading:
- buy/long the support . Invalidation if the price closes below the range
- sell/ short the resistance. Invalidation if the price closes above the resistance.
Stop loss in place highly recommended.
Good luck
Simple trading:
- buy/long the support . Invalidation if the price closes below the range
- sell/ short the resistance. Invalidation if the price closes above the resistance.
Stop loss in place highly recommended.
Good luck
Trade active
As expected the price hit the upper boundary of the range. Short position active.Take profit level: $18700
Final target: the bottom of the range
Comment
Place a stop loss at $20480Comment
As expected, price got rejected at the strong resistance.The next attempt may be successful and the price may break above the resistance and go higher.
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