On this chart, we want to show you the possible outcome where the price can potentially direct.
Many of you see this zone (channel / flat)
It has boundaries:
Upper limit: 44066-44180
Lower limit: 43518-43435
Going beyond these boundaries, as well as fixing the price above these price values (the price should remain above / below) on the 4-hour timeframe, will show you where the price will be go.
There is no need to complicate trading, only to observe risk and money management. For those who know how to trade flat, we have not seen the best option in a narrow range for a long time.
In our opinion, we expect the price to drop to 42000-41800.
Because:
This is a liquidity zone
is a return of the price by 50% of the price movement
- this is breaking a potential figure (cup) and collecting stop losses of those who trade with a 2-3x leverage with a large volume
Also, given that the trend is downtrend (red resistance line) and in addition
the expanding wedge of wave structure 1-5 should end
Pc The only fact that we are given doubts is sentiment (most people short the market) and on the number of short stop losses, the price can lead to an impulse for our channel.
Observe risk and money management. Trade only with stop loss and strong zones. Remember, the market loves to punish those who ignore it.
Many of you see this zone (channel / flat)
It has boundaries:
Upper limit: 44066-44180
Lower limit: 43518-43435
Going beyond these boundaries, as well as fixing the price above these price values (the price should remain above / below) on the 4-hour timeframe, will show you where the price will be go.
There is no need to complicate trading, only to observe risk and money management. For those who know how to trade flat, we have not seen the best option in a narrow range for a long time.
In our opinion, we expect the price to drop to 42000-41800.
Because:
This is a liquidity zone
is a return of the price by 50% of the price movement
- this is breaking a potential figure (cup) and collecting stop losses of those who trade with a 2-3x leverage with a large volume
Also, given that the trend is downtrend (red resistance line) and in addition
the expanding wedge of wave structure 1-5 should end
Pc The only fact that we are given doubts is sentiment (most people short the market) and on the number of short stop losses, the price can lead to an impulse for our channel.
Observe risk and money management. Trade only with stop loss and strong zones. Remember, the market loves to punish those who ignore it.
