BTC Trading Strategy: Selling at Main OB to Buy and Rise to 2500
Based on the current market conditions, it may be a good strategy to sell BTC at the current price and then buy again when the market reaches a certain level. There is a main Order Block (OB) between the price range of 22331 to 22067 after a decline in price (CHOCH 23380), indicating that there is a strong support level at this range. Additionally, there is another support level at 21615, which provides an additional layer of support.
The market has already rejected the first OB between 23762 to 24025, and the second OB between 24317 to 24950 is still in play. However, the current support level is at 22766, suggesting that there is a higher chance that the market will pick up trades from the Main OB to buy and rise to 25000.
Therefore, selling BTC at the current price and then buying again when the market reaches the Main OB could potentially yield a profitable return, given the support levels and OBs that have been identified. However, as with any investment decision, it is important to consider your own risk tolerance and do your own research before making any trades.
The market has already rejected the first OB between 23762 to 24025, and the second OB between 24317 to 24950 is still in play. However, the current support level is at 22766, suggesting that there is a higher chance that the market will pick up trades from the Main OB to buy and rise to 25000.
Therefore, selling BTC at the current price and then buying again when the market reaches the Main OB could potentially yield a profitable return, given the support levels and OBs that have been identified. However, as with any investment decision, it is important to consider your own risk tolerance and do your own research before making any trades.
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