Short
BTC reversal?
In the above 1HR chart, we can price has gotten to a potential resistance/supply zone; sellers has always pushed price away from this price zone multiple times. I am forecasting if sellers would push price away from this zone. We also a trendline support which price has been bouncing off. This is a factor to note if you decide to take a sell position from the resistance zone. For me, I will be taking a short 📉 trade but I will you a sell-stop entry.
Disclaimer
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.