Sunday, May 5, 2024
BTCUSDT
Another re-test of that 16900 level. If you plan to be awake, watch if price can find acceptance above. Might actually pump through.
No volume means that we should see it come back very soon – either on false breakout or on the dump. No buyers or sellers at this level. Price has to look for other zones to find it.
30m chart is still bearish. Acceptance above 17k will change it to bullish within 30m scale. Rejection below 16.9k lead to further retrace in search for liquidity.
POC at 17.3k – forms a strong resistance. Either price has to stop below it or support pump higher.
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