POA/BTC (Potential Bear Flag?)
POA/BTC
-POA Network is likely forming a Bear flag pattern
-The confirmation entry if a break of local support at 402 sat
-The price could fall down to 349 sat area
-We might see any bounce reaction at 349 sat range
-Because it was previous resistance turned support
-The chances of repeating this zone as a support are high
-But I recommend opening buy orders only if there are bullish reactions
-This will help you reduce the risk on this trade
-POA Network is likely forming a Bear flag pattern
-The confirmation entry if a break of local support at 402 sat
-The price could fall down to 349 sat area
-We might see any bounce reaction at 349 sat range
-Because it was previous resistance turned support
-The chances of repeating this zone as a support are high
-But I recommend opening buy orders only if there are bullish reactions
-This will help you reduce the risk on this trade
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