Bitcoin / TetherUS
Short

Good Short Opportunity

265
From Elliott's point of view, as It's clear, we are at the end of wave 4 and the beginning of wave 5.

From the classical point of view, after forming the ascending wedge and nice pullback , we'll see 26600$ again soon in the first step .

In our opinion, 26600 $ is unlikely to act as a strong support. Rather, we believe that the number 22,500 $ will be seen and It's a good price for a short term buying.

short position :

Entry point : 30400 $ - 30600 $

TP 1 : 28700 $

TP 2 : 26700 $

TP 3: 22700 $

STOP LOSS : 31850 $

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