Good morning, here are a few potential trades in the 15-minute chart.
Currently, we are struggling at the 20 EMA after establishing our high (green line above) at $43,800 with a so-called Double Top (bearish pattern).
While this high is a resistance area, it is not particularly strong, making it relatively easy for us to surpass. Once we have crossed this level, I am quite confident that the 1st vector candle from the 4-hour chart will be in trouble, which is why I am ready for a LONG position here.
It's important to keep in mind the uncertainty in the chart due to the liquidity below us, which we could use to our advantage. If we fall below $43,000 through the 100 EMA (red line), I expect that we will be caught again in the Low Volume Zone (purple box) and only find support in the Support Box (green box).
Currently, we are struggling at the 20 EMA after establishing our high (green line above) at $43,800 with a so-called Double Top (bearish pattern).
While this high is a resistance area, it is not particularly strong, making it relatively easy for us to surpass. Once we have crossed this level, I am quite confident that the 1st vector candle from the 4-hour chart will be in trouble, which is why I am ready for a LONG position here.
It's important to keep in mind the uncertainty in the chart due to the liquidity below us, which we could use to our advantage. If we fall below $43,000 through the 100 EMA (red line), I expect that we will be caught again in the Low Volume Zone (purple box) and only find support in the Support Box (green box).