Swing trade opportunity on CTR
Updated
Disclaimer: As stated in status. I am currently only playing short term opportunities due to high incertainty in the market. Alts are very overextended and BTC 0.85% seems ready to take the spotlight within the coming days. Previous trades posted are still valid as long as they do not break the trends.
CTR is holding the .236 fib level and has found support on it a few times in the past. Considering the wedge its currently in I can believe the price will bounce back up from 18K sats. It might dip elow but as long as price closes within the wedge again there is no need for concern.
TGT prices are: 21K sats and if the price can break the upper resistance line the next fib levels.
Capital management is required!
Happy trading!
CTR is holding the .236 fib level and has found support on it a few times in the past. Considering the wedge its currently in I can believe the price will bounce back up from 18K sats. It might dip elow but as long as price closes within the wedge again there is no need for concern.
TGT prices are: 21K sats and if the price can break the upper resistance line the next fib levels.
Capital management is required!
Happy trading!
Note
Also there is no real sell pressure accompanying the current drop in price which tells me that the majority holders are accumulating for a new increase in price :)
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