Here is a simple analysis for our friends on Reddits on some key levels to come. I wish you good success.
Do not take a position hastily, wait for confirmation of a price rebound from these levels.
Always respect your portfolio with limited risk.
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Most of the late traders on Reddits have bought around 320. It's the case because we find the POC. (Point of control of January). This is the price at which the most volume was traded at that time. Now knowing that, and also knowing that most of them held their positions, it is normal that some of them closed their positions on breakheaven. That is why there was so much volatility when the price returned to this area.
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Not to mention the profits from the rally so far and the fact that we have reached a resistance zone. We will have to watch the next few hours to see if these levels will be held to go higher.
In the premarket yes but now it was open at the first pivot, from there you can wait the 2 first hour of volatility to see if the price remain above, if it's the case it's will be a good setup for a long with a stop bellow the first cluster support.
bewal
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Well in Germany they broke 280$ Easily today (up to 291$) so there’s that ;)
@bearwithme2020, I'm just saying watch these areas to see if there is any pressure from buyers or sellers. If these two price levels are broken up, I'm sure it would go even further. Subscribe to my page, it will be my pleasure to do another analysis if this is the case. Good success to you.
willsemail18
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@bearwithme2020 You're a true ape. you don't know how to spell dijits 😂