Wednesday, May 1, 2024
BTCUSDT 15m sessions TA

Most important economic US events will be tomorrow and on Wednesday, so there will be lots of volatility this week. Main idea for trading is that we short only above ~26300 and long only below ~25600

Risky long entry can be taken from developing month VAL around 25850, but chances for US session to wipe out Tokyo low are too high to place stop below that level, so safer option remains waiting for lower dips.

In general I believe first move will be down today. The rest depends on volume generated on that move and if it will give enough liquidity for bullish bounce. Waiting for US session start and see how it evolves during the first hours.


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