Long
BTCUSD Futures trade - OKCOIN
BTCUSD futures showing bullish inclinations, short term target is 439.16 in 7 days or less.
If price fails to reach that target in 7 days, bias would turn bearish and a short position could be initiated.
Likewise, if price were to retest 371.03, a reverse order would be opened, per the chart.
For now, target 1 is 395 and target 2 is 439.16 with a stop at 371.03.
I'd reccomend moving stops to break even after 1 ATR profit, and considering closing half the contracts at 395, roughly.
If price fails to reach that target in 7 days, bias would turn bearish and a short position could be initiated.
Likewise, if price were to retest 371.03, a reverse order would be opened, per the chart.
For now, target 1 is 395 and target 2 is 439.16 with a stop at 371.03.
I'd reccomend moving stops to break even after 1 ATR profit, and considering closing half the contracts at 395, roughly.
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