The BTC chart looks bearish.
We've formed a pattern of a small base under a larger one, with a small base also located under the BoS short level at 29400.
I'm considering a scenario where price returns to the high-volume level of the larger base at 30262, and tests the imbalance range (30530-30900) from above before moving downward. At the high-volume level, I'll be searching for an entry into a short position with the following targets:
TP1 - 29285 - high-volume level of the small base
TP2 - 27660 - 0.5 imbalance of the 4-hour and daily candle
TP3 - 26050 - 0.5 imbalance of the daily candle and high-volume level at 25790
I will place the stop loss beyond the imbalance boundary at 31030.
We've formed a pattern of a small base under a larger one, with a small base also located under the BoS short level at 29400.
I'm considering a scenario where price returns to the high-volume level of the larger base at 30262, and tests the imbalance range (30530-30900) from above before moving downward. At the high-volume level, I'll be searching for an entry into a short position with the following targets:
TP1 - 29285 - high-volume level of the small base
TP2 - 27660 - 0.5 imbalance of the 4-hour and daily candle
TP3 - 26050 - 0.5 imbalance of the daily candle and high-volume level at 25790
I will place the stop loss beyond the imbalance boundary at 31030.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.