BTCUSD reversed off resistance, potential drop
Jun 12
Price is approaching our first resistance (horizontal pullback resistance, 100% Fibonacci extension ,38.2% Fibonacci retracement ) where a strong drop to our major support (horizontal pullback support, 50% Fibonacci retracement , 61.8% Fibonacci extension ) might occur. Stochastic is also approaching resistance where we might see a drop .
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Price is approaching our first resistance (horizontal pullback resistance, 100% Fibonacci extension ,38.2% Fibonacci retracement ) where a strong drop to our major support (horizontal pullback support, 50% Fibonacci retracement , 61.8% Fibonacci extension ) might occur. Stochastic is also approaching resistance where we might see a drop .
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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