Low Risk to High Reward Trade Opportunity
Opening a long around 45k if we drop a bit more.
Reasons:
Price has touched trendline at least 3 times before moving higher
There is a futures gap to fill at 49.2k
Weekly RSI can hit 61 before encountering downtrend resistance line
The 61.8% fibonacci retracement level is about 51.1k
Getting close now....
Reasons:
Price has touched trendline at least 3 times before moving higher
There is a futures gap to fill at 49.2k
Weekly RSI can hit 61 before encountering downtrend resistance line
The 61.8% fibonacci retracement level is about 51.1k
Getting close now....
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