VICE Buy/Long Setup (12H)Before anything else, you should know that this coin is risky and highly volatile.
It appears to have turned bearish, with a bearish CH (Change of Character) visible on the chart, and the trendline has been broken. However, the candles are approaching a support zone.
In this area, you can enter a position with proper risk and capital management. Since the zone is relatively wide, you should enter the position in a laddered (step-by-step) manner.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
VICE
BTC is extremely volatile, which could turn very bullish BTC just made a false break of the triangle and is now testing the support around 55k, it could easily go to my buy box around 53k to pump up again,
if it fall to 53k and then breaks the triangle we could reach 69k on the break.
if we break from 55k in the next hours or days we could reach 67k on the break.
In case we break under that support line that we have being following since the beginning of the bull run, we could have a red monthly candle coming for us.