The idea is simple. If BTCUSDT.P tries to reclaim the range (started on mid-March), there are 2 shorting opportunities.
1. At the range S/R level and a bit above at the SFP + local golden pocket. 2. If we get past this resistance (hint: perhaps a long opportunity on the backtest), we have another short opportunity at the current range's Value Area Low, along with some more liquidity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.