BTC setup

Güncellendi
The price made a liquidity grab from above, now we have a reaction from supply zone 1 after which the downward structure was confirmed again.

Globally, the trend remains downward, such a setup is relevant in this trend.

Entry 40472

Stop 42926

Take 35782

Entry logic:

The limit has been thrown on the supply zone, which is now the first significant resistance.

Stop logic:

The stop is set behind the trend high, if the price decides to remove it, then there will already be a possible change in the trend and the context of the market will also change.

Take logic:

The goal is to continue the downward movement and reach imbalance, many traders expect to open a position from the bottom line, but now it is nothing more than a manipulation tool.

Not
I already have an open position, and limit still stay
Bitcoin (Cryptocurrency)BTCBTCUSDTChart PatternsHarmonic PatternssignalTrend Analysis

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