#BTC Falling Wedge

Oct 9

📊#BTC Falling Wedge📈

🧠From a morphological point of view, we have the opportunity to build a falling wedge near the support area, and we will generally rise based on this pattern.

➡️In addition, falling below the turning point means that the previous 4.54% increase has been retracted, which means that the liquidity here will be swept away, so there is an expectation of a rebound.

⚠️With the support of double rebound expectations, don’t chase shorts around here.

Let’s see 👀

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BTCUSDT.P

Oct 9

Order cancelled

🔔 #BTC

The rebound has already occurred in advance, cancel the unfilled limit orders.

We have now reached the upper edge of the wedge. If we can break through strongly, we will wait for a callback opportunity before entering.

If you buy according to the market price, you can move your stop loss upward, expect more in a low-risk way, and reduce your holdings when the profit is sufficient.