The chart should be clean, therefore, as in one of my previous setup, I remove everything unnecessary. Keep it simple.
Facts
1. There is a local uptrend. It wasn't broken.
2. There are two zones of consolidation-distribution.
Forecast and Plan
1. If the price remains above 9400, a break out above to 11k+ levels is still possible.
2. Drops below $9,400 = partial short with the target $8,700-8,600.
3. Holds below $8,600 = short with targets 7400, 6700, 5800.
Not a trading recommendation.
PM me for requests of TA (free).
Like if useful.
Subscribe.
Be healthy.
Facts
1. There is a local uptrend. It wasn't broken.
2. There are two zones of consolidation-distribution.
Forecast and Plan
1. If the price remains above 9400, a break out above to 11k+ levels is still possible.
2. Drops below $9,400 = partial short with the target $8,700-8,600.
3. Holds below $8,600 = short with targets 7400, 6700, 5800.
Not a trading recommendation.
PM me for requests of TA (free).
Like if useful.
Subscribe.
Be healthy.
