- Buy/Entry Price: $320
- Stop Loss: $270
- Profit Targets: $400
The price bounces from the support zone formed by 300.00 and 280.00 levels. MACD and RSI form a bullish divergence. It’s a trend reversal signal. The market is going to reverse and we can expect further upward movement. It’s buy opportunity. Pending orders must be placed above 320.00 resistance level. Stop orders can be at 270.00 level. Profit target is 400.00 level and a part of trading volume can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
The trading signal is based on Poloniex chart.