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My backup plan I'm case 38k is hit...

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For those who do not know, I am in a long term long trade from the 26k level.
In my previous analysis, I stated that 40k support seems to be holding and 61k is my next area of interest.
However, what would I do if 40k fails and 38k support gets hit?
38k is a major support level that do expect to hold.
If 38k gets hit, I plan to take profit at the next 0.618 fibbonacci level which would be at about 43k. If price rises beyond that to the 0.786 (at about 45k), I plan to flip short.
That is my plan in case 38k actually gets hit.
Again, if 40k holds, I'm expecting 61k and maybe higher.
I hope this analysis helps someone out there.
God bless,
Handy

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.