Technical Analysis Updated for $BTC on #Binance

Hello Binance Square traders! Continuing with my last analysis confira aqui, we will make necessary adjustments after recent movements. Follow along for in-depth insights and optimized strategies.

📊 Analyzed Chart: Period 1H

📉 Recent Movement and Volume: The latest volume has spiked, suggesting intense trading activity.

The abrupt drop suggests strong selling pressure.

Initial support at 70,000 USDT has been broken.

🔍 Analysis of Inputs and Necessary Adjustments

For those who entered the aggressive point (71,500 USDT):

Stop Loss: 70,000 USDT (2.11% loss)

Recommended Action: Positioning has been stopped out. Evaluate new entry at lower support levels or wait for signs of clear recovery above 70,000 USDT.

For those who entered at the conservative point (70,000 USDT):

Stop Loss: 68,000 USDT

Current Loss: Approximately 1.62%

Recommended Action: maintain Position until the price touches the stop at 68,000 USDT. Monitor volume and reversal patterns.

Suggested Adjustment: consider partially reducing the position to mitigate risk, especially if sales volume remains high.

🛠️ Adjustment in Setup:

New Conservative Entry Point:

Purchase: 69,500 USDT

Stop Loss: 68,000 USDT

Take Profit: 72,000 USDT and 73,500 USDT

New Aggressive Entry Point:

Buy: Wait for convincing breakout above 70,000 USDT with increasing volume.

Stop Loss: 69,000 USDT

Take Profit: 72,000 USDT and 73,500 USDT

📌 Strategy and Risk Management:

Constant Monitoring: volume and candlestick patterns.

Dynamic Adjustment: Adapt stops and targets according to market evolution.

🔔 Conclusion:

To stay in the game, it is essential to adjust strategies according to market changes. Risk management is crucial.

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