The chart right presents the pre bullmarket btc chart in 2020.
Strategy:
Potential long setup from the consolidation zone. The price action indicates a demand zone around the current levels, with a potential for reversal towards higher levels, as shown in the shaded blue area. The right-hand chart supports this bullish bias.
Entry: Around the current price levels (consolidation)
Stop-loss: Below the local support (recent swing low)
Risk management is essential, considering the current volatility and broader market correlation.