robkarels

High risk long opportunity

Long
BYBIT:BTCUSDT   BTCUSDT SPOT
The Bitcoin price action seems to be ranging between 40700 and 44000 within some sort of falling wedge that includes multiple fake-outs. The lower levels provide a high risk opportunity to place a long, as this is in confluence with strong support levels on higher timeframe (weekly). Always have your stoploss in place, in this case at 39500, to be protected against further dumping.
NFA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.