Hi Guys, In this analysis I've covered BTC. As you can witness on the chart there is an immediate supply zone which is our current short term resistance against price movement. Taking a short trade at that level needs confirmation.
And if price moves down there is also an demand level for buyers to enter.
As always make sure you stick to your risk management rules and enter trades with your own logic.
Be honorable
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Couldn't get through the resistance
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Market Retraced back up
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if this demand is broken next demand would be 59300
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Price hit the supply zone and has not been able to get through it yet.
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Nice drop from the supply zone
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is trying to break the supply again
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Market failed at breaking the supply and now is going for demands