Hello Friends, Welcome to the technical analysis on BTCUSD. Based on my technical analysis , I think, We might get a good buy opportunity here. We've all seen a good impulse to the downside after hitting the previous supply zone and it found a good support at 19030. But the price again got rejected from the same supply zone and it pushed the price down. However, that supply zone now seems weak. If the price get rejected somewhere from the new demand zone again, this time the price may break the resistance barrier and make new highs. I think we could get in safely from 38% fib retracement by placing the stop below the demand zone.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Thank you for your support. Please follow & like if you find this idea useful.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.