After yesterday's sell off which stemmed from J.Powell remarks at the frankfurt meeting about crypto regulations - we capitalised on the whole move securing over 600% using 90x leverage. Price has come all the way back down to a key 4Hrly zone - if this area holds and we see some strong buying pressure on the LTF i am expecting a retracement move back up to the next 4h zone to potentially form the LH formation - monitoring the LTF for entries. IF this 4H candle closes below this zone the setup is invalid.
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Disclaimer
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.