$JASMY analysis 4h
- Look now, the price is approaching serious resistances above, I expect some selling pressure here. If a clear reversal formation occurs in the range of 0.01727 - 0.01759, a short position can be taken in the short term, with targets at 0.01600 and subsequently at 0.01562.
- If the price dips below the range of 0.01562 - 0.01484, strong buyers may step in here and a nice long setup can be captured from this point. Targets for a long taken from this area could be 0.01727 and 0.01793 in order.
- When entering a trade, always wait for a clear confirmation like a reversal formation or liquidity sweep. Especially in a bullish trend, a quick liquidity sweep in the low area on a lower time frame followed by a strong bullish candle would be a nice signal for a long.
- Never set your stop-loss level fixed; it should be at a trend break like swing low or swing high...#jasmy #Jasmyusdt⚠️⚠️ #Bitlayer #BTCReclaims120K #analysis