BTC 4H Deviation Setup or Breakdown to $48KPossible 4H deviation setup for HTF trend continuation, or breakdown to probably 48k level.
Look how price once closed below never closed back above on the 4H with clean retests: this means that this is a respected level (and the retest also meant the short entry). Might be obvious why this is a relevant level as this low caused the HH and therefore is the new HL.
I should have recognised the environment but I didn't, now I might lose out on the full trade.
Anyways: hope for another retest of the level where I put my entry limit orders for the short with SL at red dashed line. Invalidation = candle close above level on the 4H TF.
Candle close above the 4H would immediately mean a long setup (and for me also a spot buy since this should then be the HTF HL) with SL at the lowest low.
