After the latest rally, BTC entered a supply zone that made the bulls slow down a bit.
I am expecting the latest orderblock to push the price into a pullback that can reach the 17k psychological level at least, which coincides with a demand area, before resuming this small uptrend.
Entry: 17403.9 SL: 17502 TP1: 17000 TP2: 16700
RR: 1:6
Don't risk more than 1% of your account balance!
Cheers. Trade with care and DYOR.
Disclaimer: This is not a trading signal or financial advice. It is only a potential trade that I'm looking at. I encourage you to always do your own diligence and not jump in blindly.
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So far so good, the price started to drop as I was expecting it. Now I would suggest to move your SL to break even. Cheers