Is Bitcoin heading for a correction?
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Is it time to remove liquidity from below?
Previously, I shared a similar chart on the channel and expected that the test of the trend line would occur for a rebound upward, but it seems that MM decided to first remove liquidity from above $38,550 and then go to test the local trend line.
I decided to open a small short for 10% of the deposit, I think that locally Bitcoin may undergo a correction before the end of the month. To be safe, you can set the limit to the last high and move the stop 300-500 points.
Deal plan:
▪️Entrance - $38,150/38,550
▪️Stop - $39250
▪️Take - I will update.
P.S: If the price quickly moves to the trend line of $36,800, then you can fix most of it and move the stop to used.
Is it time to remove liquidity from below?
Previously, I shared a similar chart on the channel and expected that the test of the trend line would occur for a rebound upward, but it seems that MM decided to first remove liquidity from above $38,550 and then go to test the local trend line.
I decided to open a small short for 10% of the deposit, I think that locally Bitcoin may undergo a correction before the end of the month. To be safe, you can set the limit to the last high and move the stop 300-500 points.
Deal plan:
▪️Entrance - $38,150/38,550
▪️Stop - $39250
▪️Take - I will update.
P.S: If the price quickly moves to the trend line of $36,800, then you can fix most of it and move the stop to used.
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