we can notice 3 important resistance in weekly time frame .
1- the upper side of descending channel
2- the orange resistance
3- the 200 MA
these 3 are located in concourse point
it's require a massive liquidation to breakout the concourse point... but as u see in the chart There are no clear signs of strong liquidity.
so we have 2 Scenario.
1- it's trap and sign of bear market
2- weekly close above 200MA and this will be a sign to raise to 28000$
Anyway, the decision to trade now is high risky
don't forget to support us by likes,comment and follow for more ideas.🎯
1- the upper side of descending channel
2- the orange resistance
3- the 200 MA
these 3 are located in concourse point
it's require a massive liquidation to breakout the concourse point... but as u see in the chart There are no clear signs of strong liquidity.
so we have 2 Scenario.
1- it's trap and sign of bear market
2- weekly close above 200MA and this will be a sign to raise to 28000$
Anyway, the decision to trade now is high risky
don't forget to support us by likes,comment and follow for more ideas.🎯
