BTCUSD 1h range trading

The price is currently in the mid of the range which is a paradise for a range traders.

Simple trading:
- buy/long the support . Invalidation if the price closes below the range
- sell/ short the resistance. Invalidation if the price closes above the resistance.

Stop loss in place highly recommended.

Good luck

Trade aktif:

As expected the price hit the upper boundary of the range. Short position active.

Take profit level: $18700
Final target: the bottom of the range

Komentar:

Place a stop loss at $20480

Komentar:

As expected, price got rejected at the strong resistance.
The next attempt may be successful and the price may break above the resistance and go higher.