BTC/USD breaks major resistance around $409, targets $450
BTC/USD has broken major resistance $409 and jumped till $410.50 at the time of writing It is currently trading around $409.93. Short term trend is slightly bullish as long as support $390 holds.
On the higher side any break above $409 will take the pair till $424/$450.
The pair’s major support is around $390 and any break below will drag the pair further down till $370/$350.
Overall trend reversal only below $350.
It is good to buy at dips around $405-$407 with SL around $390 for the TP of $425/$450.
On the higher side any break above $409 will take the pair till $424/$450.
The pair’s major support is around $390 and any break below will drag the pair further down till $370/$350.
Overall trend reversal only below $350.
It is good to buy at dips around $405-$407 with SL around $390 for the TP of $425/$450.
