QKC/BTC Holding the pivot support, may get a run up!
On the 4H chart I can see that red level(lower) as an important support/resistance flip level. We're currently holding it as support. Those wicks below got bought up pretty quickly and were made during BTC's dump the other day.
A long here may be possible but it's wiser to wait for confirmation on a lower time frame, something like a break in market structure UP, and then a retest, if you want to increase your chances.
Look for something like this:
Entering aggressively right now may be risky because this isn't the first time we're testing this support, and as always, be wary of BTC's movements which may disrupt most alts if it gets twitchy.
Trade wisely.
A long here may be possible but it's wiser to wait for confirmation on a lower time frame, something like a break in market structure UP, and then a retest, if you want to increase your chances.
Look for something like this:
Entering aggressively right now may be risky because this isn't the first time we're testing this support, and as always, be wary of BTC's movements which may disrupt most alts if it gets twitchy.
Trade wisely.
Comment:
Struggling so far.