In the event of a strong breakout and a weekly close above the white line, which is acting as resistance, the next price target is $250,000. As long as it remains below this line, there is a possibility of a drop to $50,000 and even $40,000.
If broke this resistance area go higher but this price not good for buy now
Up trend with good R/R U can wait to see what a reaction of price on this area Or set limit 60500~62500 Stop loss close Daily candle above 64000 and make higher high price
Buy Bitcoin at 56200~57200 Sell 6000~62000 Stop loss 55000 Leverage 10 Low Risk
when pullback complete market can go grow up and btc tach 60k lets see what happened next
Short BTC Target 1 55600 Target 2 54800 Target 3 54200 Stop loss on the chart
buy bitcoin at the support around 56900~57000 tp1 58400 tp2 59400 stop loss close candle below 56800
At the good support area if wants to be safety wait to close daily candle
wait for break and open position 60% break down Because price on the down trend 40% break Up
If price returns to the 62000,62200 we will buy with a specific stop. If it doesn’t reach, we will sell at the higher resistance and wait for the breakout of either of these zones for the next trade.