#BTC
The general rule in trading is : buying near support and selling near resistance.
We have previously identified in the technical analysis that if the support is broken by closing the candle 4 hours down we will get the next support ...
and when the break broke support $ 8400 reached $ 7700
After which the price has already rebounded from $ 7700 to currently $ 8100 and a profit of $ 400 (5%) ✅ .
#BTC
Markets are still in a downward trend .
So in these circumstances we always recommend a profit booking process .
If the support is broken (7700 $) by closing the candle 4 hours below we recommend closing the trade.
But if the next resistance is broken ($ 8650) And close with a candle for 4 hours above it, open the trade again.