BTCUSD Long Idea
We can see that price has been ranging between 29800-31900 area for a few weeks now and we are waiting for a breakout in either direction, we also know that price has been testing the area more than 8 times now and the more price tests a region the more likely we see it push through. Price did drop to our sellside liquidty ~28900 in which we can take a long towards the previous resistance area of ~31000 and provide a tight SL if price was to drop out of this ranging formation.
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.