Alpha_54321

BTCUSDT PERFECT DOJI ....CAUTIONS

Alpha_54321 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT formed almost an ideal or perfect Doji candle as a result of an increase market volatility.

This is an decisions and indicate buying momentum is slowing down or selling momentum is starting to pick up. RSI extremely overbought and crossed down its red MA line .

SHORT : if price breaks down the low and RSI cross the 70 level. The up rally also formed multiple FVG price level that also needs to be balanced.

LONG : if price breaks up the high and RSI stays above its MA and/or above the 70 level but this is a risky because it could also be a liquidity grab before the price dump again so be ready

Good LUck

Comment:
after the high breakout price rallied up and still the momentum is very high accompanied with high volatility .but still the price needs corrections .

Good LUck
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.