Possible short entry on Bitcoin range
Several hard rejections at resistance (see red dots).
Rounded formation at resistance – indicated buyers exhaustion, favoring shorts.
Candle has yet to close and a lot can happen especially in those last ten minutes.
Possible resistance at 19760 - could be a first TP point. If bullish reaction there is weak (watch volume), I would let it run to 19620, which is where a high volume node is located (which often acts as support).
I expect strong support at bottom of range. If we do get there (we may not break through the high volume node) then it’s a good entry for long position.
!!Still, it depends on how current candle plays out!! Watch that for confirmation
**NFA**
Rounded formation at resistance – indicated buyers exhaustion, favoring shorts.
Candle has yet to close and a lot can happen especially in those last ten minutes.
Possible resistance at 19760 - could be a first TP point. If bullish reaction there is weak (watch volume), I would let it run to 19620, which is where a high volume node is located (which often acts as support).
I expect strong support at bottom of range. If we do get there (we may not break through the high volume node) then it’s a good entry for long position.
!!Still, it depends on how current candle plays out!! Watch that for confirmation
**NFA**
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.