BTCUSD; the 7200$ Resistance
Updated
BTCUSD is trading on the resistance level of 7200$, if bitcoin breaks this level then we need to see if it resist again on the upper trendline of the channel which is 7250-7260$, the volume is not big enough and this indicates a reversal or correction from here.
if it can't break above it we can initiate a short position from this level 7250-7260$ with max Stop of 3%
if it can't break above it we can initiate a short position from this level 7250-7260$ with max Stop of 3%
Comment
Another Channel can be drawn like this; and the bullish target will be 8k$ if it breaks the current resistanceTrade closed manually
New Idea Posted and Target Completed (tradingview.com/chart/BTCUSDT/zZU470H6-BTCUSDT-Double-Top-on-small-timeframe/)Disclaimer
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