11/5 BTCUSDT - Short to Long term
Currently BTC supported at 30k. but we can see it is forming Bear Flag in 1Hr Chart.
we can see another round of dropping in the future. but recently we can see the BTC is moving in range between 32.5k - 30k.
Once It break out 33.6k we shall see a long term reversal from the bottom.
Position: Short at 32.1K
CL: 33.6K
TP:
1. 30K
2. 28K
3. 26K
We may see it drop lower than 26k but I would suggest to observe and wait til the bottom was formed
we can see another round of dropping in the future. but recently we can see the BTC is moving in range between 32.5k - 30k.
Once It break out 33.6k we shall see a long term reversal from the bottom.
Position: Short at 32.1K
CL: 33.6K
TP:
1. 30K
2. 28K
3. 26K
We may see it drop lower than 26k but I would suggest to observe and wait til the bottom was formed
Note
26.6K reached and we can see further than that.I think 25.3K would be final target
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