Digital Currency

FxWirePro: BTC/USD struggles to close below $300, good to sell on rallies

BTC/USD has broken minor support $325 and declined till $310. It is currently trading around $321. On the downside minor support is around $308 and break below targets$294/$270. The pair's minor resistance is around $330…

By Lis HowellNov 24, 2015, 12:19 PM UTC

1 min read

FxWirePro: BTC/USD struggles to close below $300, good to sell on rallies — Image from the original EconoTimes article

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BTC/USD has broken minor support $325 and declined till $310. It is currently trading around $321.
On the downside minor support is around $308 and break below targets$294/$270.
The pair's minor resistance is around $330 and break above targets $356 (Nov 14th high)/$370.
Overall bullish invalidation only above $370 level.

It is good to sell on rallies around $325-$330 with SL around $356 for the TP of $270/$256

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