We have a channel in a four-hour time frame and as always we use scenarios to analyze coins
We have two scenarios of fall and rise
I will tell you the reasons for both and finally my conclusion
Very simple and concise
1_As you can see in the image, we hit the roof of channel 3, which increases the probability of its failure with each collision, especially if it does not return to the bottom of the channel.
2_In the daily time frame, the previous day we made a candle that covered the previous candle, that's why you can see more of the fall.
Don't forget capital managemen
We have two scenarios of fall and rise
I will tell you the reasons for both and finally my conclusion
Very simple and concise
1_As you can see in the image, we hit the roof of channel 3, which increases the probability of its failure with each collision, especially if it does not return to the bottom of the channel.
2_In the daily time frame, the previous day we made a candle that covered the previous candle, that's why you can see more of the fall.
Don't forget capital managemen
Comment:
The same area where I expected an upward movement happened