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BTCUSD - Why I'm Not Buying Here
Taking a look at the 4hr timeframe, price action is having a difficult time climbing higher. RSI is now below 70 showing signs of lack of bullish momentum following a rejection candle.
With that said, I believe a retest of the red area support is likely but the question is will it break even lower. I'll need to wait for 4hr candle to close below the red area for me to be fully convinced to some topping action.
For now though, since I'm foreseeing risk of a pullback, I'm not interested in buying at these levels.
Trade Safe - All the Best
With that said, I believe a retest of the red area support is likely but the question is will it break even lower. I'll need to wait for 4hr candle to close below the red area for me to be fully convinced to some topping action.
For now though, since I'm foreseeing risk of a pullback, I'm not interested in buying at these levels.
Trade Safe - All the Best
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