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Technical analysis by apexcryptotraders about Symbol BTC: Buy recommendation (5/10/2022)

https://sahmeto.com/message/2750521
apexcryptotraders
apexcryptotraders
Rank: 8880
1.5
Buy،Technical،apexcryptotraders

In my previous idea post, I mentioned how 35k is a very critical support that we must hold and how we went into doom when we had a close below that 35k. Any bears who took the breakout trade would be in huge profits. Eventually, they will be taking profits and we may see a relief rally. No one can predict the exact bottom but we just tapped the support (28.1k-30.5k) which held the May '21 dump.What's my next move? SIMPLE, Long the Support. I put my entry at 30.4k and will DCA more as we go down towards 28.1k to lower my entry if that scenario happens. I am not letting this opportunity go and sit on the sidelines. This is a low-risk trade I am taking and my trade setup as below. Entry: 30.4k - 28.1kTP: 32.9k, 35k, 37k. (may be adjusted according to how the market reacts from now onwards)SL: 27.8kWell SL just got hit. I am taking full responsibility myself, knowing its a risky trade and volatility can easily eat up my initial SL despite being very very conservative on the entry.Things to do after closing a trade regardless at profit or at a loss.-Accept that losses happen in trading-Make failure/setback a motivation to improve yourself-Understood that SL was there to retain capital and reduce initial risk-Check mental state and see what this trade does to your future decisions.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$30,969.93
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