BTCUSDT POSSIBLE 1H MINOR PULLBACK UP
Updated
BTCUSDT price is due for a minor pullback up and liquidity grab. MFI is pointing upward and STO(21,5,5,)crossed above the 20 level and an outside bar on Jun 21st @ 20 (UTC +3) is formed and the current candle broke it high ===> momentum is up
Overall trend is still down LL & LH and this idea is for the minor pullback up trade and considered a risky trade so use a tight stoploss is you decide to enter countertrend.
Invalid on chart
Good LUck
Overall trend is still down LL & LH and this idea is for the minor pullback up trade and considered a risky trade so use a tight stoploss is you decide to enter countertrend.
Invalid on chart
Good LUck
Note
A bearish outside bar is formed , STO is overbought and MFI is above 80 pointing downward ===> momentum is probably shifting down and will be confirmed once both STO and MFI cross down the 80 level close 50% and use a tight stoploss if you want to stay in a long trade
Trade closed manually
Please refer to the BTUCUSDT EQUIDISTANC DESCENDING CHANNEL Idea for further updates
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