Short

Lingrid | BITCOIN short OPPORTUNITY at 60K level

Updated

is moving downward toward the bottom of the consolidation zone. For context, the market has been oscillating between the 52K and 72K levels since April. Currently, I believe the market may retest the bottom of this zone, especially after it broke and closed below the psychological level at 60K. On the weekly timeframe, we have also broken and closed below the previous week's low, forming a large bearish candle. As a result, I expect the continuation of this bearish momentum. My target is support level 54000.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade closed: target reached

TP hit

Lingrid

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org

Also on:

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.