short term upward pressure coming?
Updated
Hi everyone
price is still moving into an ascending cannel. tested top and bottom of the channel several times.
if you see the chart you can notice around 19K is holding the price to drop well. so this level is
important to beak down or up. in 1Day and 3Day chart price is still moving sideways that may cause
for more consolidation hours in coming days.
however if the price hold our key area on the chart then we can expect more upward pressure coming.
in that case the blue area on my chart is the main target. price also can go higher if the blue area
break out upward and more gain possible.
I should remind you most retail traders still expect more drop, they may prefer to take a short position
this is what market makers and whale expect to liquidate them.
so TRADE SMART the stop loss created for those situation. use it
Enjoy the market
price is still moving into an ascending cannel. tested top and bottom of the channel several times.
if you see the chart you can notice around 19K is holding the price to drop well. so this level is
important to beak down or up. in 1Day and 3Day chart price is still moving sideways that may cause
for more consolidation hours in coming days.
however if the price hold our key area on the chart then we can expect more upward pressure coming.
in that case the blue area on my chart is the main target. price also can go higher if the blue area
break out upward and more gain possible.
I should remind you most retail traders still expect more drop, they may prefer to take a short position
this is what market makers and whale expect to liquidate them.
so TRADE SMART the stop loss created for those situation. use it
Enjoy the market
Note
Trade closed: target reached
hit the target and breaking 23700$ is possible too. congrats
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