BTC/USDT Re-test of the major trend!

16 בינו׳ 2023

Hey guys 👋

So let's kick the day with BTC/USDT pair on a Daily scale. Well Friday had left a lot of traders with open mouth where there was one of the biggest liquidation hunt with that pump. Well that massive push resulted the price to go for a re-test of the lately broken trend (Which is also a strong weekly trend). From this level we see a strong resistance formed (EMA200 + Trend + Resistance zone) at that red box which we drew so we see a good possibility for a drop here.

Well it is early to say if this drop will happen or not but let's see how stock market will start the week.

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.