It has broken the dynamic resistance and it looks like a valid break out.
We have a support swap range, but below this range, there are other support ranges.
I specified the invalidation level so that a candle is not closed below this level in the daily time frame, the analysis will not be violated.
The general structure is bullish, and it seems that after...
Hello traders, let's keep an eye on XEC/USDT. The market is in the overbought zone which means a correction is needed soon.
Timeframe: 4 hours.
Update: If the market drops then XEC could be a good coin to short. XEC is under resistance and in the past, it has been rejected twice. Also, we can see a bearish divergence formation in XEC which supports the...
Reasons to take short
⭐️ BTC rose a lot
⭐️ Trendline is clear
⭐️ Volume at top
⭐️ Many touches
⭐️ Volume at top
⭐️ 125 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to...
Reasons to take short
⭐️ BTC is bearish
⭐️ Trend bearish
⭐️ Level is 8d old
⭐️ Level is visible on multiple timeframes
⭐️ In the end of formation
⭐️ Volume at top
⭐️ 4th touch
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use...
