BTC - Scenario 1 or Scenario 2 or Worst Case ?
Updated
#BTC/USDT #Analysis
Description
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+ BTC is currently trading around the support zone, and the support is holding strong. According to Scenario 1, I expect the price to bounce back from this support zone.
+ Scenario 2: If BTC loses this support, the next support is around 60K. If BTC reaches this support line, there is a chance of a price bounce back, but it will weaken the overall BTC trend.
+ Worst Case: If BTC drops below 60K, the worst-case support level is at 56K. We can expect the price to hit this support zone and potentially bounce back from it.
+ Let's see which scenario plays out.
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VectorAlgo Trade Details
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[ This trade is based on our scenario 1 with tight stoploss ]
Entry Price: 66128
Stop Loss: 63500
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Target 1: 67500
Target 2: 69500
Target 3: 71000
Target 4: 73000
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Description
---------------------------------------------------------------
+ BTC is currently trading around the support zone, and the support is holding strong. According to Scenario 1, I expect the price to bounce back from this support zone.
+ Scenario 2: If BTC loses this support, the next support is around 60K. If BTC reaches this support line, there is a chance of a price bounce back, but it will weaken the overall BTC trend.
+ Worst Case: If BTC drops below 60K, the worst-case support level is at 56K. We can expect the price to hit this support zone and potentially bounce back from it.
+ Let's see which scenario plays out.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
[ This trade is based on our scenario 1 with tight stoploss ]
Entry Price: 66128
Stop Loss: 63500
------------------------------
Target 1: 67500
Target 2: 69500
Target 3: 71000
Target 4: 73000
------------------------------
Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Note
Scenario 1 failed, Currently price moving as per scenario 2
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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