BTC finding itself on the monthly L3 camarilla pivot. which is the projected range low based on price action of previous month.
If it holds this level it is possible we can see a move to the H3. This is invalidated with move under The L4. Furthermore Break of the L4 could hypothetically lead to L5 if it was within the month. It is not my opinion that happens though and more likely trades to L4 if we lose L3.
So if you do want a long position. better to make it a very wide stop.... or a very tight stop
If it holds this level it is possible we can see a move to the H3. This is invalidated with move under The L4. Furthermore Break of the L4 could hypothetically lead to L5 if it was within the month. It is not my opinion that happens though and more likely trades to L4 if we lose L3.
So if you do want a long position. better to make it a very wide stop.... or a very tight stop