correction befor direction in Btc
2024-10-24

Beautifully, from the level I expected, the price was rejected and formed the bottom of the descending range, although the reaction was so fast that it did not reach the entry point of my long stop, which of course did not give a good R/R in case of direct entry, and by the way, the same liquidity that is from itself Leaving it gives a reason to be caught and go down faster... Considering the liquidity of the liquidity trend line that is formed below the 4-hour premium range, when the price reaches the range of 68,000, which is the closest daily level in the premium range area. It is set for 4 hours and I am waiting for a short setup after receiving confirmation in the lower time frame, and if it crosses the 69,000 level, it is the last area that can be entered directly even if an indusment is formed.