BTCUSD is retesting a broken upside resistance turned support
BTCUSD is pulling back to test the 17500-17800 support zone for the upside continuation. A bounce from this support zone is giving us a higher probability of long trade entries. A break below 17200 is now required for the downside reversal. The overall medium-term is an uptrend and we could only see retests of the broken upside resistance turned support 17500-17800 zone. Use a bounce to buy the instrument as we are in ABC flat correction.
Note – We are inclined to long trade entries with the stop loss below 17500.
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