Pair to bitcoin, downtrend, now price is consolidating in sideways movement (trend flattening).
The price has formed a rectangular consolidation, with the upper boundary around 560-575 satoshi.
Potential entry point when this consolidation is broken on a large vertical volume on your timeframe (1 hour, 4 hours).
If the breakdown will not be on heavy volumes, but on low volumes, it is likely that we will see the return of the price (rollback) to consolidation after the breakdown, with a confirmation of support and a further rejection of the consolidation, the same possible entry point. Stops, depending on your trading style, either behind the breakdown candlestick (shorter stop), or behind the bottom of the sidewall (more medium-term stop, but also higher risk).
If you liked this article, then like it and subscribe, so as not to miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
The price has formed a rectangular consolidation, with the upper boundary around 560-575 satoshi.
Potential entry point when this consolidation is broken on a large vertical volume on your timeframe (1 hour, 4 hours).
If the breakdown will not be on heavy volumes, but on low volumes, it is likely that we will see the return of the price (rollback) to consolidation after the breakdown, with a confirmation of support and a further rejection of the consolidation, the same possible entry point. Stops, depending on your trading style, either behind the breakdown candlestick (shorter stop), or behind the bottom of the sidewall (more medium-term stop, but also higher risk).
If you liked this article, then like it and subscribe, so as not to miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
