BTC/USDT
Currently, 38000 is expected and it is bullish reversal zone. The price should bounce back from this zone.
Then there will be two price actions.
1. Validation_ bullish reversal if 38000 (support)
didn't break down.
2. Invalidation_ the can drop to 30k if the bullish
reversal zone (38000) break down.
# For the 1st price action, the targets are:
(1) 40500
(2) 44000
(3) 48000
(4) 51000
# For the 2nd price actions, we should set a
stop loss below 37000.
Currently, 38000 is expected and it is bullish reversal zone. The price should bounce back from this zone.
Then there will be two price actions.
1. Validation_ bullish reversal if 38000 (support)
didn't break down.
2. Invalidation_ the can drop to 30k if the bullish
reversal zone (38000) break down.
# For the 1st price action, the targets are:
(1) 40500
(2) 44000
(3) 48000
(4) 51000
# For the 2nd price actions, we should set a
stop loss below 37000.