🔥 BZRX Channel Bounce

١٣ مارس ٢٠٢١

BZRX has been trading inside this channel for almost six months now. At the moment, BZRX is hanging around the lower support of the channel. This trade is relatively short term because of the erratic behaviour of Bitcoin as of late.

Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!