Short
BETAUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BETAUSDT
Here we have R1 as our resistance area and the unsuccessful attempts of the price to rise is clear. Also S1 used to be a resistance line and the disability of the price in order to rise is seen. At the present, we see the price fluctuating below R1 and the shadow in the previous candle means there will be a decline in the near future. Therefore, we believe the price will have some rest at this point and then it starts its decline after a little rise to R1. Then we consider a short position up to S1 at this point and the price will fall to the mentioned line. If the price moves over R1 and we have a fixation and receive confirmation candles, then it will face more rise.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BETAUSDT
Here we have R1 as our resistance area and the unsuccessful attempts of the price to rise is clear. Also S1 used to be a resistance line and the disability of the price in order to rise is seen. At the present, we see the price fluctuating below R1 and the shadow in the previous candle means there will be a decline in the near future. Therefore, we believe the price will have some rest at this point and then it starts its decline after a little rise to R1. Then we consider a short position up to S1 at this point and the price will fall to the mentioned line. If the price moves over R1 and we have a fixation and receive confirmation candles, then it will face more rise.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.