#BTC resistance has not been broken, beware of pullbacks!
📊#BTC resistance has not been broken, beware of pullbacks!
🧠From a structural point of view, we have not broken through the blue resistance zone, and a short structure has been built near the resistance zone, so we need to be wary of the risk of pullbacks!
➡️If we want to participate in long transactions, it is best to find support at a low level to participate. The support area worthy of our attention is 77000-80000.
➡️If we successfully break through the blue resistance zone, the blue resistance zone will turn into a support zone, and then we can pay attention to the buying opportunities when the price falls back to this area.
⚠️Note that with the turbulence of the international situation, it will also be directly reflected in the financial market, so we must do a good job of risk management in our transactions during this period.
Let's take a look👀
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BTCUSDT.P
🧠From a structural point of view, we have not broken through the blue resistance zone, and a short structure has been built near the resistance zone, so we need to be wary of the risk of pullbacks!
➡️If we want to participate in long transactions, it is best to find support at a low level to participate. The support area worthy of our attention is 77000-80000.
➡️If we successfully break through the blue resistance zone, the blue resistance zone will turn into a support zone, and then we can pay attention to the buying opportunities when the price falls back to this area.
⚠️Note that with the turbulence of the international situation, it will also be directly reflected in the financial market, so we must do a good job of risk management in our transactions during this period.
Let's take a look👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Order cancelled
#BTC
Cancel the long limit order in the support zone.
We tested the blue resistance zone for the fifth time, and the resistance effect is gradually weakening. If it really wants to rise, it will not give us the opportunity to re-enter after a deep pullback.
So if you want to participate in a new long trade, you need to wait patiently for the pullback opportunity after the price successfully breaks through the blue resistance zone.
The reason why we don’t chase the rise here is that this is a resistance zone. If it cannot break through, there is still a possibility of a pullback. Be more patient and wait for the right opportunity to appear. ☕️
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⚡️Timely updates and VIP consultation on Telegram: 👇
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
Related publications
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.