On the above 3-day chart price action has corrected over 90% since April 2021. Today is great long opportunity. Why?
1) A strong buy signal prints (not shown).
2) Price action / RSI resistance breakouts.
3) Weekly BTC pair reclaims the 21-week EMA bull market support.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: $2.15 is the first target