BTCUSDT, Possible scenarios (Details on caption)
Hello traders.
As you can see, the price shifted the market structure to bearish by breaking the low at 44300.
The price grabbed the liquidity above 43578 and had a bearish reaction, now the price is in the supply zone that may push the price down. The target of this scenario can be the FVG created on 40280_ 40915.
on the other hand, there are two supply zones above the current price. So we can expect the price rise to fill the FVG, in this case, we can define the first target at 44300 and then the supply zone that formed at the 0.705 level of Fibonacci.
💡Wait for the update!
🗓️03/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
As you can see, the price shifted the market structure to bearish by breaking the low at 44300.
The price grabbed the liquidity above 43578 and had a bearish reaction, now the price is in the supply zone that may push the price down. The target of this scenario can be the FVG created on 40280_ 40915.
on the other hand, there are two supply zones above the current price. So we can expect the price rise to fill the FVG, in this case, we can define the first target at 44300 and then the supply zone that formed at the 0.705 level of Fibonacci.
💡Wait for the update!
🗓️03/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Trade closed: target reached:
The price rose more than 11.5% and hit the supply zone.
I hope you use this TA.
I will update the chart and publish on new post.
I hope you use this TA.
I will update the chart and publish on new post.
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