#BTCUSDT $BTC
THE U TURN OF BTC
The formation of DB at 53xxx stands null and void however the price took the U turn before testing it and breaks 58300. No problem, No entry is also part of trading and also considered as a position like buy or sell.
However the FVG of 52-54 is still alive and simply we cannot ignore it. Provided we are still in the D-Channel. The nearest of immediate resistance now is 60500 again. Sma176 D1 TF is also present there. If a candle in H1 TF receives a rejection and closes under it with another bearish candle closing under it acting as a confirmation candle, a Medium Risk Sell entry is there. If a miracle happens, Sma44 Sma176 and the Mid Bone now at 62300, all three came at the same point to resist the price (Even two of them) then it will be a Low Risk Sell.
Good Luck !
