We are now back to May price range between, 28. 65k – 30. 65k .

New information now and multiple confluence acting as support (GREEN circles) now:
1. Support from horizontal channel in May ’22.
2. Descending channel support since April ’22.
3. Order block (a little advanced but this is how the smart money trade) from previous triangle break.

Multiple confluence acting as resistance (RED circles):
1. Resistance from horizontal channel in May ’22.
2. Descending channel (midline) acting as resistance. -this resistance usually does not hold well, low probability of success.

Placing a very low-risk trade with long entry at 28.7k and stop at 27.95k. TP at 30. 65k .
Similarly, placing a short entry at 30. 65k and stop at 31. 54k . TP at 28.8k.

My definition of low-risk is a trade that will protect me from the worst-case scenario in the short run while it allows me to achieve growth in the long run.