This analysis is based on the 4-hour timeframe and clearly presents two scenarios:
Scenario 1: The price, upon hitting the 4H Order Flow, will continue its downward trajectory. This situation presents a good opportunity to sell, but requires technical confirmation.
Scenario 2: If a CHoCH (Change of Character) is observed on the 4-hour timeframe, we will have an unparalleled selling opportunity in the daily zone.
In both scenarios, we can enter a sell trade upon receiving technical confirmations.
Wishing you all the success! Fereydoon Bahrami A retail trader in the Wall Street trading Center (Forex)
Risk Disclosure:
Trading in the crypto market is risky due to high price changes. This analysis is just one person's opinion and shouldn't be taken as financial advice. Before investing, it's best to talk to a financial advisor and do your own research. You are responsible for any profits or losses from this analysis.
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.
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.