LIFUI O LOR #BITCOIN Consolidation Breakdown= $17.3K and lower
This is a quick update. Overall, the price is looking bearish. On a breakdown of the consolidation below $28850, I expect the larger move to continue lower to $17300. There is some support at $23,100.
I have played the consolidation relatively safely by scalping the lower timeframe. The market seems to be heading into at least a short-term bear market.
Resistance: $41330
Support: $28,850, $23,100, $17,300
I do not believe the market would rebound at $17300. In my opinion, if price reaches $17300, it would most likely continue lower, which I will discuss in a future update.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thank you for hitting the like button!!!!!
I have played the consolidation relatively safely by scalping the lower timeframe. The market seems to be heading into at least a short-term bear market.
Resistance: $41330
Support: $28,850, $23,100, $17,300
I do not believe the market would rebound at $17300. In my opinion, if price reaches $17300, it would most likely continue lower, which I will discuss in a future update.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thank you for hitting the like button!!!!!
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
