The market tested resistance and it tested it 2 times then dropped by forming a double top.The price is in range on the 4H timeframe, the price rejects the resistance level. I think it consolidates below the level and will fall to retes the support level. I am waiting for the price bounce off the resistance to fix below it the level and fall. My goal is to support 159.600
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Hi traders, rate the idea, what do you think? Please share your opinion! 🤠
Traders-Club
⋅
Good analysis!
Setupsfx_
⋅
Excellent!
FOREXN1
⋅
Interesting , thanks for share !
aliakbar9170
⋅
whats your idia about #cosusdt
Tolberti
⋅
Thanks for sharing your analysis, I like it!
Babenski
⋅
Very nice and clear
TheTradersAvenue
⋅
Good idea, thanks for sharing.
ThaDisciplineTrader
⋅
This is highly possible wonderful breakdown.
SpartaBTC
⋅
It is quite a possible scenario, but if the price still manages to gain a foothold above the support of the channel, then a possible increase within the channel. It is worth noting that the resistance of 161 is quite strong.