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Maximilian_FX
Mar 23, 2024 2:45 AM

BTCUSDT breaks bullish channel, corrects above $50,000 range Short

Bitcoin / TetherUSBinance

Description

Hello everyone, let's discuss and come up with a strategy for the new day!

Overall, as I predicted earlier, BTCUSDT has plummeted to the designated support zone. It is currently trading below the resistance level of $65,000 within a narrow upward channel. This could lead to a false breakout, as the price has tested this support zone for several hours. Let's wait and see what unfolds.

We are anticipating a potential downward scenario, and if that happens, we can expect a stable consolidation below this level, with price declines around $58,993 and $50,572.

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Comments
bujaka
Bad idea to short in Bull market
Vaggitarian
@bujaka, Yeah really. Even if it makes money, it's still foolish.
InvP23
@Vaggitarian, Is a great Idea to short now, the momentum is weak now and the price could drop up to 10K to 15K
cyatophilum
It is a bit bold to predict a single direction right now by we'll see.
Maximilian_FX
@cyatophilum, thank you so much
Trendactionz
when useless coins and communities dominance over 60% of your social media timeline in last 5 days, and those population get into top 100 marketcap over 15 or more coins, and volume of big players trading dried up over 2 weeks, those signs of getout whatever you have.
a_wahid18
Fantastic! 🌟
MHDRihan
still moveing ??
fastprofittrader
Interesting scenario. Where do you put stop?
Setupsfx_
great effort
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