Platon Trading Academy presents a brief overview of what will be today’s daily trading session about.
We are at the bottom of the range and we have met all the entry conditions – we are on a support zone, we broke Bollinger bands with Engulfing candle setup. We just want to see the continuation of this move, breaking previous candle high to get in on the reversal.
In case that the reversal on the BTC fails then RUNE is the best candidate for shorting. As traders we cant be “married” to one side of the market, we always have to adapt and take the side that price action shows us as a dominant one.
If you would like to know more and learn how to trade, join our Platon Trading Academy.
Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.