BTCUSD Created new Falling trendline

Two scenarios are expected here and both are bearish that shown with red paths

1.falling from red line that is previous support and now turn resistance and we can expect falling from 58K and now

2.falling from strong resistance by touching trendline again and from 59K

Targets :
A. 55800
B. 53700

Notice :Green trendline shown is an strong support here and for sure we need breakout and retest and to the targets
Both targets are on Fibonacci levels too ,first one on 0.38% and second on 0.50%
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Trade closed: target reached:

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