Risk/Reward favors downside shift to risk Off Sentiment..

BTC has reached a crucial point in which candles appear to be failing around 35K. We must consider potential scenarios to begin the new month of November. In One of these scenarios we may anticpate a retracement to capture fomo liquidity. Fomo liquidity is psychological concept in trading that refers to the chasing of price.

New Monthly candle retracement for liquidity purposes.
Current : 34775
33,372 TP 1
TP 2 30,300 Weekly Level
Trade idea Fakeout back below 35K

تم فتح الصفقة

تعليق:

Adding positions

تم فتح الصفقة

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Up 1.4% on BTC

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Correction BTC

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