BTCUSDT POSSIBLE 1H MINOR PULLBACK UP

BTCUSDT price is due for a minor pullback up and liquidity grab. MFI is pointing upward and STO(21,5,5,)crossed above the 20 level and an outside bar on Jun 21st @ 20 (UTC +3) is formed and the current candle broke it high ===> momentum is up

Overall trend is still down LL & LH and this idea is for the minor pullback up trade and considered a risky trade so use a tight stoploss is you decide to enter countertrend.



Invalid on chart

Good LUck

Commento:

A bearish outside bar is formed , STO is overbought and MFI is above 80 pointing downward ===> momentum is probably shifting down and will be confirmed once both STO and MFI cross down the 80 level

close 50% and use a tight stoploss if you want to stay in a long trade

Trade chiuso manualmente:

Please refer to the BTUCUSDT EQUIDISTANC DESCENDING CHANNEL Idea for further updates