Price has been under the MA200 for the last 6 days, which is a sign of weakness. It's now above the first bullish trendline (red trendline). Failing to hold this trendline would result to see lower prices.
if it cannot hold the red trendline, there is a #bearish trendline (orange line) that can act as support now. Also, there is another #bullish trendline (green line). The junction of the bearish and bullish trendline coincides with the important support area, around $40k area.
So my trade zone is the area from $43k to $40k. As far as the price is above the $39.5k area (to be exact), it's still in #Bullish structure. Failing to hold this level would be the start of #bear market.
if it cannot hold the red trendline, there is a #bearish trendline (orange line) that can act as support now. Also, there is another #bullish trendline (green line). The junction of the bearish and bullish trendline coincides with the important support area, around $40k area.
So my trade zone is the area from $43k to $40k. As far as the price is above the $39.5k area (to be exact), it's still in #Bullish structure. Failing to hold this level would be the start of #bear market.
Mr. CryptoTracker