Support of Bear Flag ( $146-140 ) is a crucial price level which decides the Fortune of Crypto Market especially Alts.
This Support is coincided by 0.5-0.618 Fibonacci Retracement.
Previous Leg in the Channel was retraced from the same Fib Zone.
If price action holds this support then we are good to hit $155-160, but Breaking of Blue Trendline would trigger a extreme Target $200+
If Price action breaks out from the Support Zone then we should definitely see $120-$100 again.
How To Trade
Open a Long from $146-$140 with Stop Loss at 133.25
If Breakout of Support, Short the Pullback
Open a Short from $138-$140 with Stop Loss at $148
This Support is coincided by 0.5-0.618 Fibonacci Retracement.
Previous Leg in the Channel was retraced from the same Fib Zone.
If price action holds this support then we are good to hit $155-160, but Breaking of Blue Trendline would trigger a extreme Target $200+
If Price action breaks out from the Support Zone then we should definitely see $120-$100 again.
How To Trade
Open a Long from $146-$140 with Stop Loss at 133.25
If Breakout of Support, Short the Pullback
Open a Short from $138-$140 with Stop Loss at $148
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.