This is what I currently see in the price BTC/USD.
It got a rejection on the 58K level (Red box which acts as resistance).
The next major level of support is 53.5K approximately. It also shows confluence with the 0.236 fib level.
If I'm going to enter I'm planning to place my orders at around:
53.6K
52.6K
51.5K
50.8K
49.8K
48.6K
I would place the different orders because I don't want to have some capital to buy in at lower prices.
But if we go lower then 48K, we might have a problem I think.
It got a rejection on the 58K level (Red box which acts as resistance).
The next major level of support is 53.5K approximately. It also shows confluence with the 0.236 fib level.
If I'm going to enter I'm planning to place my orders at around:
53.6K
52.6K
51.5K
50.8K
49.8K
48.6K
I would place the different orders because I don't want to have some capital to buy in at lower prices.
But if we go lower then 48K, we might have a problem I think.