In the photo ⚪️ below is a typical price movement, breaking out of the triangle downward. Taken from a technical analysis book.📖
I think we can expect something similar. 🧐The $58,000 level has been looming for a while.🤓
If we hold there, we might be able to bounce off it. It's a strong support level. If we quickly drop below it, then we might see $52,000.💡
❌Being in a long position right now is very risky.❌ People, who were planning to wait it out should reconsider their strategy. The market is still in a downtrend, as usual before a halving. However, the current downtrend might last a bit longer.🤷🏽♀️
📌But: there are plenty of cool opportunities ahead, so don't despair!🩷
Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
Trade active
Trade active
Note
Looks like we are ready to touch 58 000 so soon👀
Note
We've broke down 58 000 💥 Moving lower to next target!
Note
The first target reached 💥 Looking for 52k. Is it real?🧐
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.