Hello everyone! Today we are observing a breakout of the $70 800 level and the upper Bollinger Band, which could be a strong signal. However, after such a surge, a correction to the support level $68200 would be natural and healthy.
Let's try to answer the main questions of the day:
1️⃣ Is this the start of a big rally? How are you entering positions tonight?
The movement looks convincing: the price is above all short-term moving averages (EMA5, 10, 20) and the upper Bollinger Band. I think if we hold above $70 50,0, the next target is $76 000 (EMA60). But this is under a bullish scenario. If the price drops to $70373 , it will be a good opportunity to open a short position with a possible setup: Entry: $70373 TP1: nearest target TP2: medium-term target TP3: 68238, medium-term target if the correction continues TP4: 66200 if the downward momentum persists.
2️⃣ What is your forecast for tomorrow and your strategy considering the news background?
The weekend is coming, along with macro data from the U.S. on Thursday and Friday, which could reduce liquidity, but the bullish momentum may continue after a correction. • Correction zone: $69620 - 68200 • Key levels for tomorrow in case of a rebound after the correction: · Retest: $68930 000 – $71800 800. · If broken after the retest, resistance testing: $70 000 $71 psychological level$72 → with a possible move to $76000. We also do not exclude the news background, as growth or decline could occur amid geopolitical developments and macro data announcements. My strategy today is to work with key support and resistance levels and enter a trade upon confirmation of a breakout of these key levels. (
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Hello everyone! Today we are observing a breakout of the $70 800 level and the upper Bollinger Band, which could be a strong signal. However, after such a surge, a correction to the support level $68200 would be natural and healthy.
Let's try to answer the main questions of the day:
1️⃣ Is this the start of a big rally? How are you entering positions tonight?
The movement looks convincing: the price is above all short-term moving averages (EMA5, 10, 20) and the upper Bollinger Band. I think if we hold above $70 50,0, the next target is $76 000 (EMA60). But this is under a bullish scenario.
If the price drops to $70373 , it will be a good opportunity to open a short position with a possible setup:
Entry: $70373
TP1: nearest target
TP2: medium-term target
TP3: 68238, medium-term target if the correction continues
TP4: 66200 if the downward momentum persists.
2️⃣ What is your forecast for tomorrow and your strategy considering the news background?
The weekend is coming, along with macro data from the U.S. on Thursday and Friday, which could reduce liquidity, but the bullish momentum may continue after a correction.
• Correction zone: $69620 - 68200
• Key levels for tomorrow in case of a rebound after the correction:
· Retest: $68930 000 – $71800 800.
· If broken after the retest, resistance testing: $70 000 $71 psychological level$72 → with a possible move to $76000.
We also do not exclude the news background, as growth or decline could occur amid geopolitical developments and macro data announcements.
My strategy today is to work with key support and resistance levels and enter a trade upon confirmation of a breakout of these key levels. (