Greetings,
In the scenario that the price does not lose the blue box ($57), I expect it to go to the supply zone at $65+ as the first target.
If it can cross the supply zone, the upper resistance levels can be targeted.
In a scenario where the price loses the blue box, the other area I would look for support would be around the green box ($50).
In the scenario that the price does not lose the blue box ($57), I expect it to go to the supply zone at $65+ as the first target.
If it can cross the supply zone, the upper resistance levels can be targeted.
In a scenario where the price loses the blue box, the other area I would look for support would be around the green box ($50).
Note
First take profit level (short-term target) has been hit. You may hold it as long as it protects the blue box. You may move your stop-loss level to entry-level.
If you want to take these trades with me or if you like my analysis, you can open an account on #OKX with this link (okx.com/join/48549199) to get 30% commission discount.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you want to take these trades with me or if you like my analysis, you can open an account on #OKX with this link (okx.com/join/48549199) to get 30% commission discount.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.