$BTC
SL: $79,850.
TP1: $80,700.
TP2: $81,150.
The logic behind a BUY trade is that the price is attempting to recover after a decline. If buyers break through the resistance level and the price holds above it, a short-term upward move may follow.
However, you should not BUY simply because the RSI is low or a green candle appears. The trend is still bearish, so it is important to wait for confirmation before entering a trade.
#BinancePick #EarningsSeason #DowDrops653Points #EarningsSeason
$BTC
SL: $79,850.
TP1: $80,700.
TP2: $81,150.
The logic behind a BUY trade is that the price is attempting to recover after a decline. If buyers break through the resistance level and the price holds above it, a short-term upward move may follow.
However, you should not BUY simply because the RSI is low or a green candle appears. The trend is still bearish, so it is important to wait for confirmation before entering a trade.
#BinancePick #EarningsSeason #DowDrops653Points #EarningsSeason
$BTC
