Has it happened with you :
$BTC is falling, you open a short trade and after a few seconds it flip the side and starts to rise.
or if it is moving up, you open a long trade and immediately it starts to fall down?
This is common in market due to incomplete analysis.
Will share some tips to avoid these things, but for now let me share some support points if btc falls below this level.
1. $63,200 is the lastest support but has been tested twice, chances of breaking if gets another hit. Entry of new buys and removal of paper hands is required, the price can go to test 64. If it breaks đ
2. $62,800 is the next support level, huge possibility to hold and price rebounce.
3. $62,500 Have a good power to hold price fall,
buying volume required. Should not be tested with high bear power, its the dam, if broken chances to go down to 60.
4. If above all fails, $ 61,830 A weak support, then there is 60.
I am not a bear, but knowledge of support and resistance is the first level in Technical Analysis.
stay alert, take decisions accordingly.