Hi Guys,
In this analysis I've covered BTC. As you can witness on the chart there is an immediate supply zone which is our current short term resistance against price movement. Taking a short trade at that level needs confirmation.
And if price moves down there is also an demand level for buyers to enter.
As always make sure you stick to your risk management rules and enter trades with your own logic.
Be honorable
In this analysis I've covered BTC. As you can witness on the chart there is an immediate supply zone which is our current short term resistance against price movement. Taking a short trade at that level needs confirmation.
And if price moves down there is also an demand level for buyers to enter.
As always make sure you stick to your risk management rules and enter trades with your own logic.
Be honorable
Note
Couldn't get through the resistanceNote
Market Retraced back upNote
if this demand is broken next demand would be 59300Note
Price hit the supply zone and has not been able to get through it yet.Note
Nice drop from the supply zoneNote
is trying to break the supply againNote
Market failed at breaking the supply and now is going for demandsNote
beautiful drop from the supply
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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.