FxWirePro: BTC/USD faces strong resistance around $402, good to sell on rallies
BTC/USD is trading in narrow range $380-$364 for the past two trading session.It is trading around $373. Intraday trend is weak as long as long as resistance $402 holds. On the higher side any break above $402 will take …
BTC/USD is trading in narrow range $380-$364 for the past two trading session.It is trading around $373.
Intraday trend is weak as long as long as resistance $402 holds. On the higher side any break above $402 will take the pair to next level till $425/$450.
Any close below $370 will confirms minor weakness, a decline till $350/$318 is possible.
Overall bullish invalidation below $315 (200 day MA).
It is good to sell on rallies around $375-$380 with SL around $402 for the TP of $350/$318
