BTCUSDT
This is an update to my previous idea. On the local timeframe, I’ve identified one possible entry point for a long position with a smaller stop-loss compared to the 12-hour timeframe. After the accumulation phase, I expect liquidity absorption on the minute timeframe, followed by manipulation. From the order blocks on the 12-hour and 4-hour timeframes, I anticipate the asset to appreciate toward the buy-side liquidity at the 62,750 level. It's important to note that the price could unexpectedly absorb the buy-side liquidity without reacting to our buy limit order.It's also worth noting that Bitcoin could potentially ignore the order block and everything else, devaluing down to the 50,000-30,000 level that I mentioned in my previous idea. However, this scenario is very unlikely in our case. Still, it’s wise to play it safe by entering the trade with just 2% of your deposit and using a small leverage of 5-10x.
Trade closed: target reached
target reached
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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.