Hey guys, we are looking for more entry points, we want to place our new long orders. Margin positions this is what we need this time, we opened spot positions on the breakdown of 42K.
When should we open new long positions? Bitcoin very often tests the zones that have just been broken. This phenomenon happens very often on the BTC chart. And we are waiting for it.
We do not think that the price will test the $42,000 level if that happens, we will gladly place our long positions. We are now waiting for the retest, which will come to the $48-50k range after 55K or 60K. If this test is successful, we will open new positions. If this one is unsuccessful, we will wait for a touch of $42k.
But I also want to note that we do not just wait. At the moment we have a good long position, both spot, and margin. We are just looking for new additional entry points to get more profit. If the market won't allow it, we won't be upset at all, because we are already in long positions.
It should also be noted that the current dynamics began to accelerate in comparison with the previous one. Therefore, everything that will happen now will obviously be in an accelerated form.
When should we open new long positions? Bitcoin very often tests the zones that have just been broken. This phenomenon happens very often on the BTC chart. And we are waiting for it.
We do not think that the price will test the $42,000 level if that happens, we will gladly place our long positions. We are now waiting for the retest, which will come to the $48-50k range after 55K or 60K. If this test is successful, we will open new positions. If this one is unsuccessful, we will wait for a touch of $42k.
But I also want to note that we do not just wait. At the moment we have a good long position, both spot, and margin. We are just looking for new additional entry points to get more profit. If the market won't allow it, we won't be upset at all, because we are already in long positions.
It should also be noted that the current dynamics began to accelerate in comparison with the previous one. Therefore, everything that will happen now will obviously be in an accelerated form.
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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.
Disclaimer
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.