BTC Break important support

Hi guys,

We lost important support around 9400$ through 9000$ zone. which triggered an extensive correction possibility.

Right now we are trading below this very strong zone which now acting as a resistance for price. Since this breakdown happen price has been settling down for possible next move.

Therefore, my immediate view will be to wait for price to test out the zone(9400-9000) for at least one time before further drop or waiting for price to break the current low to go for full time short towards the next support zone around (6800-7000).

Furthermore, I will personal like to take some reasonable risk of going long with mindset of taking my profit around the re-test zone but my stop loss will be very tight below the current low.

Note:
If my stop loss trigger that will confirmed a new low which mean all is set for a further drop towards the stated established immediate support zone.

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Thank you

Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

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Important trendline, keep an eyes guys.

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POTENTIAL SHS in play

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Spotted Bullish flag like pattern on 1hour.

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Our long entry is triggered. Hoping for the best guys.

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Hey guys,

Our long signal seems so threatened with lots of sell pressure. I will advice us to protect the trade or exit from it when price move over towards 8k again. Since the major support was lost earlier. The if that happen all attention will be shifted towards the downside around 7k6 zone.

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Good and timely update guys

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I secured my long trade guys. Risk free right now.

İşlem kapandı: hedefe ulaştı:

First target crushed @ 8247$.

Move stop to safe zone guys and let see if we can ride it towards our stated plan.

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İşlem kapandı: hedefe ulaştı:

2nd target achieved.

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