[BTCUSDT][Long] A bulk buying perspective
Updated
A significant amount of buying has been identified in the current zone, mirroring the buying momentum observed in Zone 2 prior to the previous rally. This area is likely to serve as the third accumulation phase, indicating a high probability of an imminent breakout.
The price may initially break through the current channel, then retest the level to absorb supply.
The price may initially break through the current channel, then retest the level to absorb supply.
Trade active
The price has reached the anticipated level, and it seems that the next move will either be a strong breakout above this level or the formation of a channel within this range.
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.