UnknownUnicorn11125703

Market funding rates is cooling down a bit

Long
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
An updated version of yesterday's chart with a new ascending triangle setup. The market funding are going down which is positive for a short while. So we can see a momentum upwards more possible now.
But still I idea of the bull trap is not invalidated yet. Trade with proper stop losses.
Comment:
We have moved up in the upward direction. There was good amount of BTC inflow into the exchanges so be cautious in your trading.
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.