Technical crypto analysis based on breakout – Sell within $6566.95-$6507.45


Technical observation

BTC is still trading below the resistance zone $6566.95-$6507.45,Currently price is correcting to the zone and I expect a rejection of it within the zone for possible downwards movement of this crypto towards the supportive line $6964.05 and a possible breakout below it for a further decline in price. Wait for the correction to the Zone then pick short position within it with your take profit at $6964.05 and stop loss around $6750.44.Continue short with this crypto after a breakout below $6964.05 and a correction to it confirming further decline of price. Long positions may only be advisable above $6566.95-$6507.45.

Trade signal

Wait for a correction to$6566.95-$6507.45 to short BTC.

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