Bitcoin: Buy Signal from Support
BTCUSD Perpetual Contract BYBIT:BTCUSD
I have no ideas about how the price will act during the next week. But if we talk about a possible model, here is an example of a long trade. The model is based on the price reversal from the support zone with the further upward movement in the direction of the uptrend.
If the price breaks the support zone , it will be a new story. Probably the market will give us new buying opportunities from 11 000$ support zone or SMA200. We will see!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Source: TW DLavrov