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Weekend Market Talk on Support and Resistance Levels
In a word: Both bulls and bears can trade over the weekend. The decline and rebound validity lasts until Sunday afternoon. Watch the breakout zone on Sunday evening, mainly bullish!
BTC
Aggressive long position in the 93700-94300 range; support at 91450/87450. If you get a spike early Monday morning to catch you, that’s money!
Aggressive short position in the 96000-96600 range; validity until Sunday afternoon, resistance at 100300.
ETH
Aggressively watch the 3235 level, support at 3170.
Resistance above 3325, focus on watching for spikes above 3360 with hard stop-loss. No guarantee of opportunities. Valid until Sunday noon.
SOL is the strongest, holding firmly at 142.5, even stronger than BTC/ETH, truly a three-cake!
Over the weekend, watch for a breakout at 142.5 to see if there’s a chance at 138.5.
Weekend trading suggestions: Lower profit expectations. By tomorrow noon, market liquidity will be very low, and volatility will be small. Occasional spikes are opportunities. Sunday night and Monday will have more volatility and more opportunities. Remember a few key points for rhythm to easily find trading opportunities.