BTCUSDT H1 potential long position
Hi
BTC has moved an uptrend parallel for a while, and hasn't been ruined yet.
But the price seems to create an M pattern but with a decreasing volume which means selling pressure wasn't that big
so I assume the price will still go upside but it needed to backtest demand zone (green block)
entry, SL, TP are given on chart.
((waiting for until signal appears to lower risk))
***and be aware of coming CPI announcement, which may impact its movement**
just personal opinion, not investment advice!
BTC has moved an uptrend parallel for a while, and hasn't been ruined yet.
But the price seems to create an M pattern but with a decreasing volume which means selling pressure wasn't that big
so I assume the price will still go upside but it needed to backtest demand zone (green block)
entry, SL, TP are given on chart.
((waiting for until signal appears to lower risk))
***and be aware of coming CPI announcement, which may impact its movement**
just personal opinion, not investment advice!
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