BOT/BTC (Wait For Breakout Direction)

💎Technical Analysis Summary💎


BINANCE: BOTBTC


-BOT opened the trading action with a strong Bearish candle on the 1hr chart
-The price is currently consolidating after the strong sell-off
-It is not safe to trade inside a ranging market
-Because the price can easily move in any direction
-The safest approach to this market is to wait for the proper breakout direction
-Like if the price breaks the channel to the upside, your priority is Buy
-While if the channel failed to hold, Selling is your priority
-Using this strategy will reduce the risk and have proper stop loss location too





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