BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Up move before down candle formed a supply zone. The new MSB lured the breakout trader to short, who seeks a lower level for BTC.

However the sudden pump trapped them and caused MSS. The supply zone became a breaker which is the potential exit for those who made the MSB.

After the retest of the breaker, it led to the swing high at 7290, and position closed.//

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.