Hello traders,
Here is my take on the current price development of XBTUSD.
In short term perspective I believe it is less likely to see bullish continuation from current levels. A retest of the key support level is a reasonable assumption. I would also like to point out that there is some probability of a stop-hunt that is worth mentioning.
Strong continuation and breaking of the resistance zone invalidates this idea.
My ideas are for entertainment purpose only and should not be taken as financial advice.
Happy trading!
Here is my take on the current price development of XBTUSD.
In short term perspective I believe it is less likely to see bullish continuation from current levels. A retest of the key support level is a reasonable assumption. I would also like to point out that there is some probability of a stop-hunt that is worth mentioning.
Strong continuation and breaking of the resistance zone invalidates this idea.
My ideas are for entertainment purpose only and should not be taken as financial advice.
Happy trading!
