📊#BTC complex consolidation stage how to deal with❓
🧠Yesterday, after the bearish head and shoulders structure was established, we entered the market to go short at 69134. However, according to the structure at that time, it may also evolve into a bullish cup and handle structure. Therefore, in order to prevent this possibility, we moved the stop loss down to 69158. But it was eventually swept away and ended with a slight loss.🤷
➡️It was reasonable for us to perform complex consolidation in the resistance area, but it was also very torturous. Therefore, we finally gave up the trading opportunity in this area and patiently waited for the price to reach the non-contradiction area and the neckline 38388 before entering long transactions. In the end, the market was as expected. A rebound occurred, so we locked in the main profit in time after the price reached TP1. Congratulations to the friends who followed Wolf King to print money and obtained a 159% rate of return.🎉
➡️From a structural point of view, the ideal target area of the double bottom structure constructed previously has not yet been realized, so we continue to maintain long-term trading. If we can successfully break through the inflection point, it means that the small double bottom structure is established, and we will have a high probability of Will go to the target area above.🙏🎯
Don’t forget risk management💯
✔️Trade safe✔️
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