Someone asked me if a coin holds a level what can we expect so i decided to write a post so most of you can read.
As long as a coin can hold a key zone that you have on your chart, you can continue to expect your predicted direction.
For example $BTC is holding the $89500-90,000 level for the last few days. As long as price is holding above it you can continue to expect more upside.
This can also be used another way round.
As long as bitcoin is holding $89500-90,000 there is no reason to call for a downside.
you can use same level for two decisions.
- Bullish as long as it holds
- Bearish as it breaks below.
So this is how you can use a key zone for your trading decisions.
Keep learning