nachopetean

CND testing resistance

BINANCE:CNDBTC   Cindicator / Bitcoin
CND is testing resistance in this moment, a close above 570 sats area could lead to the next resistance to the 780 sats area. On daily we have some possible bullish cross not confirmed yet. What i am seeing is the sell pressure, this can make a retest of the support before going up.

1H shows how the bullish div played. Also showing the sell pressure.


How i would trade this? If we can close above the resistance at least on the 4H, i would buy the retest with a stop loss around 540 sats (top of the ichi cloud on the 1H). If we can't close above, put some orders around the support and start building a long setup between.

Trade safe!
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