Liquidity has been swept, and my $BTC order has been filled.
Now we need to see a strong bounce from here.
If price fails to reclaim this level, things could get ugly very quickly.
@House_OfTrades Fair point, a low volume weekend dump can fake people out. I’m still keeping my stop in, since weekend moves can reverse fast either way
Liquidity has been swept, and my $BTC order has been filled.
Now we need to see a strong bounce from here.
If price fails to reclaim this level, things could get ugly very quickly.
$BTC just dropped below $80,000, but the liquidity below $79,700 remains untouched.
I expect price to sweep that liquidity before we see a potential bounce.
For now, I’m waiting patiently.
The $79,500 area is where things get interesting.
I'm still bullish on $BTC, but nothing in trading is guaranteed.
Personally, I'm looking to enter a long around $79,550, with a SL at $78,900.
If we fail to bounce from this level, we could see a quick move toward $76,500.
Geopolitical tensions and war-related fears can trigger emotional market reactions, leading to higher-than-usual volatility.
Use a tight SL, and manage your risk.
Protect your capital first.
I'm still bullish on $BTC, but nothing in trading is guaranteed.
Personally, I'm looking to enter a long around $79,550, with a SL at $78,900.
If we fail to bounce from this level, we could see a quick move toward $76,500.
Geopolitical tensions and war-related fears can trigger emotional market reactions, leading to higher-than-usual volatility.
Use a tight SL, and manage your risk.
Protect your capital first.
$BTC just dropped below $80,000, but the liquidity below $79,700 remains untouched.
I expect price to sweep that liquidity before we see a potential bounce.
For now, I’m waiting patiently.
The $79,500 area is where things get interesting.