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Koolermactrez
Apr 27, 2022 1:56 PM

BTCUSDT Strong SELL Short

Bitcoin / TetherUSBinance

Description

BTCUSDT is bearish, price violated previous swing low structure breaking to the downside indicating a possible continuation to a demand area marked on the chat.
Market was recently developing in a channel, now we can discern a break to the downside with momentum. I expect drop a demand zone on the chart.. Goodluck!
Comments
Professor_TradeStein
Wrong placed resistance line *
Professor_TradeStein
Totally wrong places resistance line 🤦‍♂️🤦‍♂️
Koolermactrez
@fathippo02, resistance line is price levels on charts that prevent the price of an asset from getting pushed in a certain direction. we can discern price reacting from that level couple of times, before breaching it May 27 to grab liquidity. It could be anywhere, it's how price react at that specific zone / area important. lol
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