truebluetradie

S & R - XMRBTC - 4 Hour - Short?

Short
BINANCE:XMRBTC   None
After drawing up my S & R's, I noticed that my 4 hour support could be placed higher. As I placed it higher, I could see a bearish triangle and had placed a downwards trend line to wear the support would be. Depending on where the next set of candles would be, would determine if it would be a good short entry point or the direction of the market would be ranging.


Note - Please don't follow my TA. This is for learning purposes :)
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.