Bitcoin's Evident Drop Unveiling a Clear 2.9% Decline
Technical Analysis :
>We have an important level (represented by the red line) that has been broken on the 15-minute timeframe. This indicates a shift in demand towards the next zones, as illustrated by the yellow line as the initial target and the blue lines as anticipated targets. Additionally, we should keep an eye on another key level(blue line) that will be tested by the upcoming 1-hour candle.
>We have an important level (represented by the red line) that has been broken on the 15-minute timeframe. This indicates a shift in demand towards the next zones, as illustrated by the yellow line as the initial target and the blue lines as anticipated targets. Additionally, we should keep an eye on another key level(blue line) that will be tested by the upcoming 1-hour candle.
Comment:
Reminder: I have a strategy for moving stop losses. If you have any questions about trailing stops or my current stop loss, feel free to ask. Thanks!
Comment:
The downward movement will persist until we witness the formation of a new green 4-hour candle before it hits any of our targets
Comment:
I have decided to close half of my position and move the remaining portion to break even. The formation of a 4-hour candle signifies the emergence of an early demand zone. If we break below this demand zone, I will consider increasing my position size once again.
Trade active:
Reached our first Target !
Trade closed: target reached
