3 trading buy points behind the current BTC trend background
Plan 1: A short setup if price breaks below the right side of the range
The larger bearish trend has not been fully broken yet. The prior rebound high has not been able to hold; instead, it has been suppressed. The current pullback has plenty of time. If price breaks down, there is a chance it accelerates downward for a while. However, it’s difficult to quickly print a new low. The preference is for a period of acceleration.
Plan 2 + Plan 3
Both are long setups. One is that a clear support condition appears—enter the initial position from the left side at 1/2R and gain a cost advantage.
Second, price continues to break upward out of the range, forming a resonance between a smaller time-frame trend continuation and the larger time-frame pressure breakout. This creates an expectation of both a trend reversal and trend continuation.
The plan is set. The decision on which specific approach to adopt is based on price action behavior. Not investment advice$BTC
In the current market, it’s still better to avoid getting involved in shoddy copycat “junk” platforms. Sudden crashes happen out of nowhere. It’s not out of the question that you could be extremely unlucky—within the very minute you buy in, it could drop straight to zero, and you won’t even have time to set a stop loss.
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#BTC The overall bearish trend remains unchanged Short-term upward channel If it breaks below the channel + falls back into the range resonance Will consider entering the market to short
Short positions were taken on the left side with some silver The long-term background is bearish The short-term channel is rising and has briefly accelerated Failed to successfully stand above the support and resistance exchange position, showing divergence Following the idea of following the trend on a larger scale and counter-trend on a smaller scale, some positions were attempted on the left side Stop loss at the tip of the needle $XAG