if bitcoin continue drop this another potential entry zone

Its not best setup but worth keep in mind and if bitcoin come to this level 50700 there is daily fibonaci plus daily ema very close in my opinion daily technical indicators are one of the strongest and price defiinitely should react giving option to enter price come up around 500usd and then you could place SL at entry SL at entry is optional if you are very afraid to loose otherwise it could be below 50K price always react to my levels it bounce back giving you option to put SL at entry and enjoy free trade this my strategy you can do as you want I know many times it can come back destroy SL and go back again but I have noticed if price come back then buyng pressure was not strong enough, although sometimes I remeber 28 february it came back 2 times to 43000 and at 45K levels same happened and then took off nicely so either you put tight SL below entry or make multiple entries if price coming back. I think most ideal option would be around 300USD below entry to put SL sometimes price come back to exact entry level especially if it is round number like 43000 45000 etc
ideally if you have time you watch price action if market is extremely fast it can cut through these levels easy and bounce back from other close points.