BTCUSDT
Updated
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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