Hello traders,
I think that we are still high on 4 hour timeframe. And pretty long way to low or 0 level. We have made 0.618 in retracement but we broke down the trend line with 3 red going one by one down candles. This high levels while correcting very often or to be more specific always moves price to lower levels. Enjoy your day.
Especially when STRATUSD is trying to breakup triangle - it can be trigger to hold it or move price down and in effect cause trap so be cautious.
Good luck.
I think that we are still high on 4 hour timeframe. And pretty long way to low or 0 level. We have made 0.618 in retracement but we broke down the trend line with 3 red going one by one down candles. This high levels while correcting very often or to be more specific always moves price to lower levels. Enjoy your day.
Especially when STRATUSD is trying to breakup triangle - it can be trigger to hold it or move price down and in effect cause trap so be cautious.
Good luck.
Well. More look at it and it seems not to be so colorful cause we actually broke more important trend line before which goes from the low lows at 33000 sats. Two azure lines creates now wedge from which we made trap up and now breakdown with high 4H hot indicator and ugly 3 red down candles so now by width of wedge I suppose that correction to 41300 area is technically possible.