Pullback levels for BTCUSDT
Range for BTC is quite wide, between 43152.6 and 44350.
Notice that candles closed below the bearish line channel. This could indicate that price is likely to retest the 50%B level and bounce back to 50%A at 44350, an opportunity to place SHORT order (use price action for entry)
If there is no much momentum at the 50%, BTC could attempt to retest the 30% level, 43750. However, if the price breaks the 30% level, then it would attempt to gather more momentum at the 15% zone. This is also the area where divergence may form.
/please DYOR/trade at your own risk
Notice that candles closed below the bearish line channel. This could indicate that price is likely to retest the 50%B level and bounce back to 50%A at 44350, an opportunity to place SHORT order (use price action for entry)
If there is no much momentum at the 50%, BTC could attempt to retest the 30% level, 43750. However, if the price breaks the 30% level, then it would attempt to gather more momentum at the 15% zone. This is also the area where divergence may form.
/please DYOR/trade at your own risk
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