There is major rejection from the channel down trend ceiling which I will enter a sell trade and come back to it after like 25 days...
Price rebound back from previous low of the Daily descending channel, opened long position buy and TP set at top of channel. SL on recent channel low.
Price is long due to meetup with 200MA, possibility of market taking profits for the year combined with holiday sentiment might bring it lower back to 50k's even 40k's. The other side is volume is still strong despite all of those bearish moments. Will hold on to my USDT for more until the coming January. Happy Holidays!
The wick of the previus D1 candle rebound from the previous double bottom support area, there are also signs of divergence in MACD
Following the start of a new month with a bullish candle forming, would this setup be possible? Entering just in 1.51591 with SL at 1.50817 & TP at 1.54155. I'm setting the SL just below May lowest wick & TP following Aprils highs.