Bitcoin / TetherUSShort
SHORT #BTC
The asset shows the local development of the upward movement. It can be classified as a range. We are at the upper boundary. The liquidity pool from above has been removed. We are observing a rise in the area of interest.
We can consider testing for a breakdown of the key level 57016 with a descent to the lower limit of this range and removing liquidity from two prom levels: 54856 - 54228. You can also consider a position right in the area of interest.
Everything is individual here and it is worth understanding that in the zone your probability will be less than if you wait for the breakdown of 57016. Keep in mind that these levels are being stabbed or terminated - before a true breakdown.
We can consider testing for a breakdown of the key level 57016 with a descent to the lower limit of this range and removing liquidity from two prom levels: 54856 - 54228. You can also consider a position right in the area of interest.
Everything is individual here and it is worth understanding that in the zone your probability will be less than if you wait for the breakdown of 57016. Keep in mind that these levels are being stabbed or terminated - before a true breakdown.
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.