#BTCUSDT on Support but $39200 might not be the bottom!
BTC managed to bounce from the $39200 low.
This 12 hour chart shows possibility of another 3 to 5% decline in BTC price to touch the lower bottom trendline support.
Although 38k is an important support for BTC BTC might wick down to $37200 only if it breaks the recent low of $39200.
So $37200 is $39200 is a good range to long on low leverage or buy on spot.
Losing this channel on the lower trendline will be a red flag for this rally.
Bears will take over in case BTC breaks this channel./
So right now it's important to be extra cautious to preserve your funds.
Conclusion:- As per TOTAL and TOATAL2 Chart Market should pump in the coming days keeping in mind a possibility of new low below $39200.
Invalidation:- Close below this channel.
Let me know your thoughts.
Do hit the like button if you like it.
Thank you
#PEACE
This 12 hour chart shows possibility of another 3 to 5% decline in BTC price to touch the lower bottom trendline support.
Although 38k is an important support for BTC BTC might wick down to $37200 only if it breaks the recent low of $39200.
So $37200 is $39200 is a good range to long on low leverage or buy on spot.
Losing this channel on the lower trendline will be a red flag for this rally.
Bears will take over in case BTC breaks this channel./
So right now it's important to be extra cautious to preserve your funds.
Conclusion:- As per TOTAL and TOATAL2 Chart Market should pump in the coming days keeping in mind a possibility of new low below $39200.
Invalidation:- Close below this channel.
Let me know your thoughts.
Do hit the like button if you like it.
Thank you
#PEACE
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