You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 63.0748 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
After testing the resistance line numerous times, DASHGBP is once again approaching this line. Can we expect a bullish trend to follow?
DASHGBP is moving towards a resistance line which it has tested numerous times in the past. We have…
Big movement possible on BCHUSD after a breach of 451.7600
A strong resistance level has been breached at 451.7600 on the 30 Minutes BCHUSD chart. Technical Analysis theory…
XRPBTC moves higher to 1.236e-05 in the last 6 days.
XRPBTC rose sharply for 5 days – which is an excessively big movement for this instrument; exceeding the…