If this zone breaks downwards, I can be convinced that the huge downward trend continues, but this wide gap still confirms buyer and seller indecision.
The last candlestick formed here and the upward wicks of many previous candlesticks still give important signs. I think it is important to follow this coin in a special place.
#OmiseGo #OmgUsdt movements have reached a very attractive point after being in reverse correlation with the general market movements. Liquidity intake, especially in the bottom regions, should be carefully monitored and opportunities for long positions should be sought. For optimum entry purposes, I also shared the order block formed in the 3-minute time...
AVALOX broke the daily lows and retreated towards a very cheap price. Partial entry can bring significant profit if a Breaker Block or Mitigation Block structures are formed.
This is my trade that I see as very logical and has a risk/reward ratio of at least 1:4. I can extend it to Fibonacci level 1.618 as the final target. I will decide this at the 1.13 level.
Depending on the outlook, the short position target may still be pursued. Seller pressure is starting to appear.
My trade with a risk/reward ratio of 1:4.5 with the negative divergence and change of Character (CHOCH) for Bitcoin
The latest task I shared has reached its goal. Congratulations to those who followed. 🙂
After a long horizontal trend, I entered a short position transaction as there was a strong breakout. IT IS NOT INVESTMENT ADVICE!
It seems that there is a loss of strong buying pressure for Bitcoin. There is a developing view that sellers are starting to enter the market. I would consider taking a short position with a confirmation move if the support line is broken. #BitcoinMarket #CryptocurrencyTrading #SellOffPressure #ShortPosition #SupportLineBreak