Kumo cloud and Fib retracement position below from cmp cloud give a good entry. Use stop loss and take 50% TP at 0.11795 and 50% TP at 0.1264. After bids get filled and the price moves above 0.1131 move stop loss to entry. Always less leverage so less loss if things turns opposite.
RSR funding rate on exchanges are good at the moment so a potential move up is possible. EMA 55 is also at a good position too. This is just a chart idea. Not a financial advice
Even though inverse head and shoulders is in the making, the potential of it moving up is only 30% in my opinion. We need to break 36.6K resistance too. Two scenarios are pathed with a possibility of ascending triangle. NB : Even if we break upside possibility of it being a bull trap is high. "Miners are selling and 15k $BTC flowed into exchanges since...