$BTC Only look at the price—it's currently supported near the middle band, but it hasn’t noticed that when a rebound occurs, the volume is shrinking even more and more, while the MACD histogram momentum is also about to disappear completely. The longer this kind of sideways consolidation without buy-side support lasts, the more likely it is to turn into a downward breakout and weaken!
$BTC - Sell
Trading plan:
Entry: 64250 - 64400
Stop loss (SL): 65800
Target 1 (TP1): 62500
Target 2 (TP2): 60800
Target 3 (TP3): 59000
Why go short?
Even though the price is stuck near the middle band, the MACD histogram momentum has already almost vanished and a potential death cross is about to form. During rebounds, trading volume clearly can’t keep up, which shows that nobody really wants to chase. As long as it can’t put volume behind it and stand firmly on the stop-loss level, this kind of low-volume sideways move is very likely to drift downward and, by following the trend, “tap” the lower band—where the risk-to-reward ratio is quite good.
Click here to trade👇
$BTC - Sell
Trading plan:
Entry: 64250 - 64400
Stop loss (SL): 65800
Target 1 (TP1): 62500
Target 2 (TP2): 60800
Target 3 (TP3): 59000
Why go short?
Even though the price is stuck near the middle band, the MACD histogram momentum has already almost vanished and a potential death cross is about to form. During rebounds, trading volume clearly can’t keep up, which shows that nobody really wants to chase. As long as it can’t put volume behind it and stand firmly on the stop-loss level, this kind of low-volume sideways move is very likely to drift downward and, by following the trend, “tap” the lower band—where the risk-to-reward ratio is quite good.
Click here to trade👇
