BTCUSD: Revisiting Key Support at 21500
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BTCUSD (Bitcoin)
I expect BTCUSD to revisit the key support level at 21500 in the near future. A rebound from this level would signal a potential uptrend, with a target of 26k after breaking through the key resistance at 25200.
If the support level at 21500 fails to hold, we could see a deeper correction, with a potential drop to 19k or lower. Therefore, it's important to closely monitor the price action around this support level.
In summary, my trading idea is as follows:
Entry: Buy at the sub-21500 level with a stop loss below 19500
Target: 26k
Invalidation: A sustained break below 19500
Please note that this is just my opinion and not financial advice. Always do your own research before making any trading decisions.
I expect BTCUSD to revisit the key support level at 21500 in the near future. A rebound from this level would signal a potential uptrend, with a target of 26k after breaking through the key resistance at 25200.
If the support level at 21500 fails to hold, we could see a deeper correction, with a potential drop to 19k or lower. Therefore, it's important to closely monitor the price action around this support level.
In summary, my trading idea is as follows:
Entry: Buy at the sub-21500 level with a stop loss below 19500
Target: 26k
Invalidation: A sustained break below 19500
Please note that this is just my opinion and not financial advice. Always do your own research before making any trading decisions.
Nota
this idea also held up pretty well :) kudos to those who traded with me :)Nota
So far this idea is working out as expected, i am expecting a pullback to 24.9k then we will go straight up :)Nota
so as i predicted exactly, btc got rejected from 30k we are going to visit 24.9k if that didn't workout we will probably even go lower to sub 21k level or 20k.
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