On the 4H timeframe, we see a breakdown of the upper border of the Downward Channel, after which the price reached Zone 1 and the seller aggressively lowered the price to Zone 2. At the moment, I am considering 2 scenarios:
1.if the price breaks through Zone 1 and consolidates, I expect growth to Zone 4
2. if the price breaks through Zone 2 and consolidates. i'm expecting a fall to zone 3
Comment
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Hello friends👋 as we can see on the chart, the price fixed below ZONE 2 and it was a false breakout (the scenario with a decrease to ZONE 3 did not work), now the price has reached ZONE 1, in case of its breakdown and price fixing, we can consider buying with a stop below ZONE 1, but in any case, do not forget about risk management, bitcoin is the most manipulative tool on the market)