BTCUSDT breaking below falling wedge right into support level.
It's been a tough couple of weeks trying to push bullish scenarios but this is normal when markets go sideways. Sideways or trading ranges have momentum too so it will keep doing the same until it ceases to do the same.
Right now, we re at the bottom of a falling wedge and price is breaking below trend line support. A false break here could propel the price higher. This setup is one of my favorite setups as it usually gives good RR (if it works).
I do think we have a bunch of buyers waiting at around 42k which is the breakout level of the 08-FEB strong breakout. Market may need to to re-test that level soon, which will coincide with a potential false break setup...
Not trading advice.
Right now, we re at the bottom of a falling wedge and price is breaking below trend line support. A false break here could propel the price higher. This setup is one of my favorite setups as it usually gives good RR (if it works).
I do think we have a bunch of buyers waiting at around 42k which is the breakout level of the 08-FEB strong breakout. Market may need to to re-test that level soon, which will coincide with a potential false break setup...
Not trading advice.
Nota
Currently at resistance but looking nice IMO
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.