BIT, price is going to break this support

18 Jan 2022

BIT is in a trading range between the $1.75 and $2.1 levels. Many participants are accumulating their positions in this area. And most of the stop losses are below this zone. Big players can adjust the price below this zone and collect liquidity below it.

On the chart, it is worth highlighting the trend line, which acts as support. If the trend line breaks, there could be a good opportunity to sell.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

24 Jan 2022

Catatan