#trade BTC

anassmed (51)in #btc • 7 years ago

#BTC
The general rule in trading is : buying near support and selling near resistance.

We have previously identified in the technical analysis that if the support is broken by closing the candle 4 hours down we will get the next support ...

and when the break broke support $ 8400 reached $ 7700

After which the price has already rebounded from $ 7700 to currently $ 8100 and a profit of $ 400 (5%) ✅ .
#BTC
Markets are still in a downward trend .

So in these circumstances we always recommend a profit booking process .

If the support is broken (7700 $) by closing the candle 4 hours below we recommend closing the trade.

But if the next resistance is broken ($ 8650) And close with a candle for 4 hours above it, open the trade again.