BTCUSDT: Potential Scalping Levels

20 mai

The price at the moment is ranging below the 50% moving average (yellow) which indicates a weak momentum. Price will try to gather more momentum by rebounding from the lower 50% level (blue). Once the price rebounded, it may attempt to break the 50% moving average. However, the prevailing linear regression channel's upper deviation line intersected the median 50% level (orange), which could indicate formation of strong ressistance area at 67220 level. This level can potentially open an short trade opportunity.

On one hand, watch out for potential long trade as well when price breaks the 50% moving average.

/please DYOR/trade at your own risk

(Pine script for this indicator will be published soon)

20 mai

Note

the price broke the 50% moving average and formed a new higher high