BTC/USDT has been in a downward channel that has recently pushed 64.65% hitting the current supply....
A correction is incoming and has failed to break the current supply. Once BTC breaks below my current trendline and retests this would be a great time to start finding short opportunities.
The first demand level is between $41495-$39450 if price falls below I have listed out the other three demand zones.
Always take profit when entering a demand zone good rule of thumb is the 25/50/75/100 rule!
As always look for high volume plays and strong price action before entering a trade.
Comment if you have any questions or if you agree/disagree!
This is not financial advice trade at your own risk.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.