Bitcoin long at previously mentioned support level

Getting long BTC as 8700 support levels as I had pointed out in previous idea. In terms of risk:reward this trade is about even, I am expecting a quick bounce to 9000 (would take profit just under that), while would stop at 8450. Would perhaps use half of my usual trade size on this one as it is bit of a falling knife in the whole crypto complex currently.

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Closing the idea at -2.88% loss (but on half the regular size of the trade as mentioned earlier, so -1.44% like for like returns). Expect BTC to chop around for a while and try to consolidate before trying a move higher again.