BTC currently trading below daily support at $37.3k after breaking and closing below its descending wedge. Next support is the weekly OB at $30.9k-$29.5k. A daily close below $37.3k support will be bad for btc and a weekly close below $40k will send us back to $30k region.
I suggest you get out of your spot bags if this happens and wait to buy lower. But then again if you’re already on a huge loss, you can stay underwater and wait for a comeback.
I for one have been in a short trade since the bear trap to $43k region
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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.