April 25, 2024

Breakdown (rebound?) level OF BTCUSD

That's interesting. Really interesting. Many people play on breakouts and rebounds of levels. Are there any rulesthis game, theory. But the explanations are carried out after the fact, on the basis of history. And here is the current situation. On the hourly BTCUSD chart, bitcoin is hitting the 13200 level. And what should be done in this situation? Play on the rebound? Breakdown? Will there be a false break or not? And if so, to what price level should it be expected? Will it be one or more? What is the right thing to do? Under what conditions should you enter a position, and in which direction? Is there a certain, specific algorithm of actions in similar situations?