Welcome to this quick update everyone,
In Daily timeframe Chart, Death Cross Confirmed in 1D Chart ✅
So far Bitcoin is Moving Inside the 34-41k S/R Range..
RSI indicator is Making Lower Highs Since 8th Jan (Downtrend)
If Daily candle Closed Below the 34.5k Support, Bitcoin Might Retest the 31k Horizontal Support Area 📉
A close above...
On higher time frame infy taking multipal times Support and Resistance From area that shown in Chart wait for breakout ....
big momentum we can see both side....
No tading Zone - 1320 to 1380
RSI also weak...Wait for Strong Momentum
One can take trade on smaller time frame only for Intraday with their own SL and Target
1) Range bound market
2) buy above 425 for the targets of 440 460 & 475
3) sell below 395 for the targets of 375 & 355
4) stop loss 410
**trade should be taken only after the zone breakout(after the candle closing)**
IN ONE DAY TIME FRAME DOUBLE TOP FORMED
AND FORMED A SPINNING TOPS IN DAY TIME FRAME
ONE HR TIME FRAME SIDE WAYS WAIT FOR DOWN BREAKOUT AND WAIT TO COMPLETE PROPER RETEST THEN TAKE A SHORT POSITION
REWARD IS HIGH
THIS IS SWING TRADE SO TRY TO USE TRAILSTOPLOSS
Monthly Resistance at 27.71480
Monthly Support at 23.52408
Day support at 26.35995
In Day time frame Trend line crossing its shown in chart.
Market may sideways between 27.71480 - 26.35995. If market breaks the range we can expect good movement.
short 13900 PE currently at 51 with 56 as stop loss and target of 10 - 15 points
In previous trade plan posted got 15 point so take a chance of SL of 5 points and target of 15 points
if new trade avoid as it may go sideways but looks good to me
HDFCBANK | Small range bound opportunity for 6% - Infact this is one of the main reason why i was bullish in the morning in BANKNIFTY
CMP : 1373 (Dip upto 1355)
Target : 1445
SL : 1343
Simple 1:3 risk reward setup