BTC is expected to be bullish in the medium term as it has broken long-term resistance, Technical Indicators also mention the same. It would be a good idea to buy and enter the lower zone of the expected consolidation curve.
Stop Loss could be set below the support zones and profits Booked as per risk management potential. If Supports fail and BTC Breaks down it could mean significant downside in the medium to long term.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
Stop Loss could be set below the support zones and profits Booked as per risk management potential. If Supports fail and BTC Breaks down it could mean significant downside in the medium to long term.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.