Long
REEF TSoS September 2021
There is support around 0.022 and again at 0.018.
You can see that RSI is high at present and previously it has dipped after reaching these levels. That should bring the price back down to around 0.022. If BTC doesn't nose dive on us it shouldn't come down much more.
If the current up trend continues that would also mean that the price should not drop down much below the first support. However to give a little room I've set the SL below the second support line.
First TP would be at the 0.036 as this is where there is a lot of existing liquidity. Move SL to entry.
Second is 0.046 as this is the upper side of the liquidity and move SL to 0.028.
Let the remaining ride to see what happens.
You can see that RSI is high at present and previously it has dipped after reaching these levels. That should bring the price back down to around 0.022. If BTC doesn't nose dive on us it shouldn't come down much more.
If the current up trend continues that would also mean that the price should not drop down much below the first support. However to give a little room I've set the SL below the second support line.
First TP would be at the 0.036 as this is where there is a lot of existing liquidity. Move SL to entry.
Second is 0.046 as this is the upper side of the liquidity and move SL to 0.028.
Let the remaining ride to see what happens.
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