Hi everyone,
I mentioned last time that liquidity would be taken after showing 3 bars with rejection on a failed support. We are on a resistance that just turned out to be a support. Although, I think that we are going to fail it since we broke the trendline that used to form a rising wedge (a bearish pattern). So, we are going to reach the 6.5 level on DOTUSDT.
Instead of shorting the market, I would usually trade the leveraged of this asset. (small secret)
Another possible scenario that might happen, but is less likely, is that the price might bounce since it is facing a double confluence level, where it is meeting the 200 EMA and the strong support that we just talked about.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
I mentioned last time that liquidity would be taken after showing 3 bars with rejection on a failed support. We are on a resistance that just turned out to be a support. Although, I think that we are going to fail it since we broke the trendline that used to form a rising wedge (a bearish pattern). So, we are going to reach the 6.5 level on DOTUSDT.
Instead of shorting the market, I would usually trade the leveraged of this asset. (small secret)
Another possible scenario that might happen, but is less likely, is that the price might bounce since it is facing a double confluence level, where it is meeting the 200 EMA and the strong support that we just talked about.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.