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😊
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。