We can see here that the major support was broken. Retesting the new resistance (old support) is natural.
There has been a domino effect of whales from 8:15 PM to 9:15 PM EST placing longs on bitmex.
I am waiting to see the domino effect in reversal. When one sell most will sell also.
Trade safe, use stop loss. Not financial advice.
There has been a domino effect of whales from 8:15 PM to 9:15 PM EST placing longs on bitmex.
I am waiting to see the domino effect in reversal. When one sell most will sell also.
Trade safe, use stop loss. Not financial advice.
Comment:
Bitmex whale domino effect caused the price to drop
Comment:
Support broken. Using white downward channel trend lines as new targets.
If we can cross red support. Next area would be our main channel support