I see 2 possible scenarios:
If BTC breaks this mini-resistance with significant volume could have another leg up, that is a crucial point, I think a short position in range 9200-9400 could a good idea, but you have to set a stop-loss (YOU HAVE TO SET STOP LOSS EVERY TIME NOT JUST THIS ONE) because if it would go further it can reach 10K target easily (Weekly timeframe is too bullish and there is also the halving question)
Another scenario is if it breaks below red support with significant volume it can be also an opportunity for a short position and the targets are 8500 and 8300 zones.
Comment below with your opinion about BTC. Bullish or bearish?
If BTC breaks this mini-resistance with significant volume could have another leg up, that is a crucial point, I think a short position in range 9200-9400 could a good idea, but you have to set a stop-loss (YOU HAVE TO SET STOP LOSS EVERY TIME NOT JUST THIS ONE) because if it would go further it can reach 10K target easily (Weekly timeframe is too bullish and there is also the halving question)
Another scenario is if it breaks below red support with significant volume it can be also an opportunity for a short position and the targets are 8500 and 8300 zones.
Comment below with your opinion about BTC. Bullish or bearish?
Note
Touching support.. stay updated, if it breaks trough we will get directly to our targetsNote
I' ve shorted at 8901 at 10X leverage.Stop/loss at 9k Let see what happensNote
1ST Target Reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.