BTCUSDT likely to head towards 27600 from here
Updated
So this is the new long trade plan. I think the price is gonna hold the low it has made. Though for this idea the stop loss is way lower, I might cut it if it loses 2500 level. Target is the next resistance around 27600.
Note
Will get out on entry if it drops to that area. Look for next setup.Note
I mentioned previously that I will close it on entry and it was. But I think this trade idea is still valid and I have got lower entry for this now. If the price goes towards 25600, that would be a better entry if one gets. Long on this again. My stop loss has changed changed but havent modified the chart for the same.Note
This one is going as per plan. The price dropped once again into the weekly liquidity zone, however, did not stop our trade. Now the price has bounced till 4h resistance zone and the price may stall or pullback from there for a while. Lets see how big that pullback might be or it continues with just a bit of stall at that zone.Note
I expected the price to pullback or at least stall after it hit 4h resistance zone 4HR1. However, as I updated before, I was a bit too early in considering this pullback over. Anyways, the price has now hit the daily support zone on this pullback and I think this zone should be good place for the price to reverse. Therefore, I will add some size here again.Trade closed: target reached
This trade concludes as well. This took a while to complete. The price action was very dull for long but held the support and level we were expecting the price to hold. The price finally bounced from the daily support DS1 and reached our target which was 27596. The price went beyond this level upto resistance level HR1 where currently it is trading.
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