In this chart we have observed that BTC is printing newer Lower high's (LH) & Lower low's (LL) and there is no sign of breaking previous lower high (LH). we have assume it can reach a new LL at 55500 price.
We take a short entry at this point.
Short Entry =62000
Tp = 55500
SL = 68000
We take a short entry at this point.
Short Entry =62000
Tp = 55500
SL = 68000
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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.