$BTC/USDT 30m Intraday Update
Retested $26,500 horizontal support, high from 13 days ago. Bouncing
Short still running till $27,3k reclaim (red circled zone) -> flip bullish on reclaim and LONG S/R flip (neckline) -> potential HTF continuation.
Max short target still $25,2k range
What's interesting here is the descending channel S/R flip above $26,5k horizontal. (Wicked into mid range of channel, close back above former channel resistance)
Don't get too comfy as this could be a shakeout sub $27,3k neckline. We observe price action and get stopped out in profit in case of a reclaim.
For now still SHORT. Don't bet, follow price action.
Retested $26,500 horizontal support, high from 13 days ago. Bouncing
Short still running till $27,3k reclaim (red circled zone) -> flip bullish on reclaim and LONG S/R flip (neckline) -> potential HTF continuation.
Max short target still $25,2k range
What's interesting here is the descending channel S/R flip above $26,5k horizontal. (Wicked into mid range of channel, close back above former channel resistance)
Don't get too comfy as this could be a shakeout sub $27,3k neckline. We observe price action and get stopped out in profit in case of a reclaim.
For now still SHORT. Don't bet, follow price action.
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