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ENSIGN TRADING
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#BTC made it way up and travelled a a decent direction towards the resistance area around $65,000 mark. Price now moving in a bit corrective way, might be due to new week start and session change. Expected a good move by NewYork Open and this week we'll some good move to the upside.

#BTC made it way up and travelled a a decent direction towards the resistance area around $65,000 mark. Price now moving in a bit corrective way, might be due to new week start and session change. Expected a good move by NewYork Open and this week we'll some good move to the upside.

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Buy a bounce One method of trading near support/resistance levels is to enter a position immediately after a bounce. Many retail traders make the mistake of placing their orders at support/resistance levels, expecting them to become active soon. Yes, sometimes this strategy can work, but you need to keep in mind that support and resistance are not exact numbers. Therefore, in order to filter out false movements (breakdowns), you should perceive support/resistance levels as some “zones”. It is best to build zones on a line chart, which will remove unnecessary noise of the candlestick chart.
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