BTC is sitting around a strong support zone 30k and lower trendline in green so we will be "looking" for buy setups on lower timeframes.
For the bulls to take over, for the correction to start, we need a break above the red trendline.
Meanwhile, we are a bearish and if we break below 30k, a movement till the next rejection would be expected (demand zone 20k)
Which scenario do you think is more likely to happen? and Why?
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Always follow your trading plan regarding entry, risk management, and trade management.
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Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
