If you say btcusdt correction percentage is somehow equal to (for example) bnbbtc you can generate dips on bnbusdt.
I could aplly the concept on any pair if it got btc pair and finally i picked one
I say correction will be over since we didn't observe the balanced growth on alts if you think they are related to btcusdt price.
so there is dip
Probable correction targets on btcusdt are:
18k (cme chart)
20k
22k
25k
27k
In bnbbtc pair i assumed that it's going to touch a lower and closest support if correction keeps going and it ends there
So from 100_150 i have an entry range
Entry on 150 with leverage 2 on 120 leverage 4 on 105 leverage 5, it's better to set equal amount on 120 & 150
If btc wants to keep digging i say btcusdt at 17k is good as my stop, i pick 90 in bnbusdt as stop, money management is up to u
Right your idea
Take care
I could aplly the concept on any pair if it got btc pair and finally i picked one
I say correction will be over since we didn't observe the balanced growth on alts if you think they are related to btcusdt price.
so there is dip
Probable correction targets on btcusdt are:
18k (cme chart)
20k
22k
25k
27k
In bnbbtc pair i assumed that it's going to touch a lower and closest support if correction keeps going and it ends there
So from 100_150 i have an entry range
Entry on 150 with leverage 2 on 120 leverage 4 on 105 leverage 5, it's better to set equal amount on 120 & 150
If btc wants to keep digging i say btcusdt at 17k is good as my stop, i pick 90 in bnbusdt as stop, money management is up to u
Right your idea
Take care