CryptoStation

✳️The Force Protocol/BTC Analysis (25/12) #FOR $FOR

Long
BINANCE:FORBTC   FOR / Bitcoin
FOR's decline is stopping at the strong support at 65-70sts zone for almost a week, which is a good sign that the selling pressure has decreased and we could buy FOR for 90sts target in the next few days. And if the cash inflow is strong in early 2021, FOR can absolutely surge to 130sts or even 160sts.
However, there is still a risk that FOR may fall out of the 65sts zone and dump deeper to 35-40sts

📈BUY
-Buy: 65-70sts.SL if B

📉SELL
-Sell: 90-95sts if B.SL if A
-Sell: 125-130sts if B.SL if A
-Sell: 160-165sts if B.SL if A

♻️BACK-UP
-Sell: 65-70sts if B.SL if A
-Buy: 35-40sts.SL if B

❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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.