As per the chart MY view is that BTC may not break previous low and todays low might not be broken.
what behind my thought if you draw a trend line which i drawn here in YELLOW. may work as support,If you go to past you will get the point which is meeting and forming trend line i.Let's mention that date 5/8/24 and 7/4/25. join the date and get long term trend support.
If you look this chart upper side of gan fan you can see yellow trend line joining the previous TOP which is not part of gann fan.
I think this much explanation is sufficient to understand why this low may not break.
Even then if get broken you must consider trend line as support.
this is not buy/sell call.
what behind my thought if you draw a trend line which i drawn here in YELLOW. may work as support,If you go to past you will get the point which is meeting and forming trend line i.Let's mention that date 5/8/24 and 7/4/25. join the date and get long term trend support.
If you look this chart upper side of gan fan you can see yellow trend line joining the previous TOP which is not part of gann fan.
I think this much explanation is sufficient to understand why this low may not break.
Even then if get broken you must consider trend line as support.
this is not buy/sell call.
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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.