BITUSD
trend slowed down at 2.6 and saw a reversal where price was reacted by protected OB - Too many buyers, price is inflated so sellers step in to take profit. Shorts taken.
reinstated the initial range and price fell inside 2.4-2.5
i think from here we should grab the range high at 2.6 and a continuation of this this trend to see a breakout of the top of range
However, monitor whether price breaks past support backed with the volume, could see another bear trap to liquidate shorts that get opened.
reinstated the initial range and price fell inside 2.4-2.5
i think from here we should grab the range high at 2.6 and a continuation of this this trend to see a breakout of the top of range
However, monitor whether price breaks past support backed with the volume, could see another bear trap to liquidate shorts that get opened.
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