#Bitway looks like a long on the 1-hour chart, but only moderate conviction because price is at the top of its range, not at support.
• Pumped to 2.683, pulled back to 2.27, and has moved sideways between 2.26 and 2.49 for about 8 hours.
• Price is above a rising EMA20 (2.38) and EMA50 (2.26), and RSI is 59, so momentum is bullish but not overheated.
• Volume on the pullback has dried up, so sellers look tired.
• Resistance is at 2.49, then 2.58 - 2.65, then 2.683. Support is at 2.36 - 2.38, then 2.26.
$BTW LONG SCALP
Entry: 2.44 - 2.375 - 2.3
Targets : 2.52, 2.57, 2.62, 2.7, 2.85
Lev: 5x cross
Stoploss : 2.245
Pullback volume has dried up, so a break of 2.49 targets the 2.683 high
If it gets rejected at 2.49 again, don't chase. Wait for a retest of about 2.38 to get in.
• Pumped to 2.683, pulled back to 2.27, and has moved sideways between 2.26 and 2.49 for about 8 hours.
• Price is above a rising EMA20 (2.38) and EMA50 (2.26), and RSI is 59, so momentum is bullish but not overheated.
• Volume on the pullback has dried up, so sellers look tired.
• Resistance is at 2.49, then 2.58 - 2.65, then 2.683. Support is at 2.36 - 2.38, then 2.26.
$BTW LONG SCALP
Entry: 2.44 - 2.375 - 2.3
Targets : 2.52, 2.57, 2.62, 2.7, 2.85
Lev: 5x cross
Stoploss : 2.245
Pullback volume has dried up, so a break of 2.49 targets the 2.683 high
If it gets rejected at 2.49 again, don't chase. Wait for a retest of about 2.38 to get in.