![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FfxXKKzr.png&t=665&c=wWAxAee3D_TudQ)
Well, one thing to note out that is kinda positive here is that the candle closed well above the 200EMA
However, don't expect the price to keep growing nonstop
We will soon have a retracement to pull back the price abit as you can see on the circle
The RSI is currently oversold there and even up to the 86 level.
Anyhow, several entry that one can position would be
#1 -$4,700 (200EMA as support) - Not really recommended
Although moving average are often used as a support/resistance to decide on position but as we had only 1 daily candle which breaks off the 200EMA line, but no retracement or sort to proof that it is a strong support level for entry.
Thus
#2 -$4,200~$4,300 (100EMA as support, Previous Daily Resistance level since December of 2018)
This entry level, is kinda a very good entry level if you were to ask me. It tried at least 3 time before it broke out the level with a huge green candle yesterday
Your stop loss would be around $3,400~3,800, depends on how much you would risk. But $3,400 seems like a safe level imo
Anyhow, position your entry well and good luck!