Monday, May 6, 2024
Yesterday’s short got stopped out. I’ve entered it again at today’s POC level.

Developing range for today is narrow, while yesterday top is at ~21400 with sell tail zone at 21462-21662 – that zone already rejected price today.

Yesterday POC at 21237 + developing at 21312 form strong SR zone. Break above it will push price towards sell tail zone while losing developing range can trigger pull back below 20.6k with a chance to drop down to single print at ~20k and 19460.

Dumps are for longs. But since we can’t predict how low it will fall/wick make sense to get in carefully with wide buy ladder.

Taking shorts is better above yesterday range. But with hard stop in mind as pump to 22.5 / 23k is very realistic continuation.

@CryptoBullTrades #BTC


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