$BTC FACING STRONG RESISTANCE At 52.2K. HERE IS WHAT TO EXPECT
BTC has experienced significant resistance at 52.2k to 52.5k and everyone's thinks it's now time for the biiig dump. But here is a breakdown of what to actually expect.
For any market, liquidity has to be achieved if trading has to continue. Also, there is a restriction of the amount of BTC wallets can buy within 24 hours to prevent adverse price changes and lack of liquidity.
That is why the 'btc pumps' are coming in bit by bit each day and that is why after every pump we see a healthy dump apart from Tuesday 12th.
So, since we are seeing a strong resistance of BTC at 52.2 to 52.5k, expect a correctional dump to around 51k or at most 50,500 then the journey to 60k continues.
Hey, Do not open shorts, do not close your long position unless you have a liquidation price above 49k. When the price drops to between 51k and 52k, open your long trades with low leverage and low liquidation.
Open Long at 51,500k to 51,800k area.
Liquidation price should be below 48k
Stop loss at 50k if you need to.
1st Tp - 52,500
2nd Tp - 53,200
3rd Tp - 53,600
4th Tp - 54,200
5th Tp - 54,600
6th Tp - 55,200
Stop and wait at this point.
