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FxWirePro: BTC/USD faces strong support around $390, good to buy at dips

BTC/USD breaks minor support and declined till $409 at the time of writing. It is currently trading around $412.

  • Short term trend is still bullish as long as support $390 holds.
     
  • Any break below $390 confirms minor trend reversal, decline till $370/$350 is possible .
     
  • On the higher side minor resistance is around $425 and break above targets $448/$465.

It is good to buy at dips around $410 with SL around $425 for the TP of $448/$465

 

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