Disclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
A lot is going on with BTC right now and the chart shows it. A test of the 12k resistance area seems to have failed, at least in the short term, but Bitcoin doesn't give up that easy and overall indicators show that the momentum is still there. I wouldn't open any shorts here but would rather look for entries for a high leverage long. As we go lower a test of support at 11100 seems likely. This is a high confluence area where we could see an important bounce towards 13k or at least 12k, so I'm eyeing this level for a high leverage long position (10x-50x).
Entry 11-11.1k, SL: 11k, TP1: 12k, TP2: 12.8k
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
A lot is going on with BTC right now and the chart shows it. A test of the 12k resistance area seems to have failed, at least in the short term, but Bitcoin doesn't give up that easy and overall indicators show that the momentum is still there. I wouldn't open any shorts here but would rather look for entries for a high leverage long. As we go lower a test of support at 11100 seems likely. This is a high confluence area where we could see an important bounce towards 13k or at least 12k, so I'm eyeing this level for a high leverage long position (10x-50x).
Entry 11-11.1k, SL: 11k, TP1: 12k, TP2: 12.8k
Trade active:
You should already be in profit here with our 12k target is still in play. BTC is bouncing from the lower 11k area as we were expecting. If you didn't buy the dip then I don't recommend opening a position here, if you are on the sidelines then wait for when price hits the nearest support at 11.1k