Signal with analysis:
Tonight I took a buy position based on this analysis and unfortunately when I was in 5% profit, Bitcoin made a strong bearish candle and I closed the trade fearing a further decline in price due to the tension in the Middle East and re-entered at the upper price and made another 15% profit. Now according to my strategy, this area that I have identified as the supply zone has started its downward movement from there and after forming new lows, it has made a strong upward leg up and now we have identified a golden area for the price to turn back using the Fibonacci retracement tool that if Bitcoin reaches $69,680 and completes its pullback and starts moving towards lower supports again, this area will act very strongly on $DOGE . If a negative fund enters the market from this side, it will be a great position. So, using this analysis, we wait until the Asian session opens in the 5-minute timeframe, and if the scenario is activated, we will enter a sell position with the desired coefficient while maintaining capital management. If the golden zone of the Fib does not work, we should wait for the price to reach the supply areas and hunt for a good risk-reward sell trade. Another scenario is a price drop from these current(last)prices downwards. If this scenario is activated, the sell trade will be canceled and we should look for a buy position in the demand area, which is shown in the image. So, with using the parameters of this analysis, if Bitcoin does not break its trend line until the London session, you can hunt for some good trading positions, and if the trend line is broken, then comment on this image so that I can provide you with a new signal.
🔴Short. Lev: 20x
Coin: $DOGE
E.P: 0.15532
TP1: 0.15186
TP2: 0.14952
TP3: 0.14281
TP4: 1000$ Profit🤑
SL: 0.15782
Note: This is purely a personal opinion based on a personal trading strategy; I am not responsible for your trades. If you use it, you are responsible for your own capital management, risk management, and position management.