Bitcoin: Buying Opportunity at 16 000$ Support
Updated
The price bounced from 16 000$ support zone. RSI and MACD histogram confirmed the price reversal. It gave us a good buying opportunity. I opened a long position when the price moved above 17 000$.
If the price can stay above 16 000$, we should be ready to see a new attempt to break 20 000$ resistance.
If the price breaks 16 000$ support and SMA200, the next support will be 14 000$ level. The price action at this zone will be able to give good bullish setups.
What about your trading plan for this coin? Please, share your ideas in the comments. Let's discuss!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price can stay above 16 000$, we should be ready to see a new attempt to break 20 000$ resistance.
If the price breaks 16 000$ support and SMA200, the next support will be 14 000$ level. The price action at this zone will be able to give good bullish setups.
What about your trading plan for this coin? Please, share your ideas in the comments. Let's discuss!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Note
You can fix at least the part of the profit and move your stop orders to the breakeven.Trade closed: target reached
Disclaimer
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