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BTCUSDT Short 15 / 5 Minutes Selling Scalping Levels (24 May 23)It appears that the market is consistently experiencing selling pressure. Referring to my previous analysis, if we fail to reach the buy side levels, I have identified new sell targets. These targets will come into effect once the price remains below 26,600 and breaks the level of 26,500. As long as that level remains unbroken, there is still a possibility of bullish activity in the market. However, if the level is breached, it indicates a bearish trend for today and potentially for the upcoming days.
Short
by masterztrade
BTCUSDT Short 15 / 5 Minutes Scalping Levels (24 May 23)Based on last analysis shared we were able to meet Target 1,2 and 3 respectively, however T4 was only half way through. Which now has created a new strong Resistance zone near 27,450-27,500. Market is still range bound. Presently taking support (26,720 approx.) on Sunday's May 21st day's low and has created high of 27.495. Most of trading levels are still same and buying on dips will be better trading strategy for the day until we retest the high of 27,495. Until 26,500 is not broken I don't see Short selling as better option. What we saw in morning was a Pivot Pressure Trade. As soon as price was saw rejection form today's daily pivot of 27,170 it showed sharp fall of 1.88% ( 500 Points), however now price is moving within range and trying to give a uptrend move.
by masterztrade