Market Update 🔄
I am currently waiting on long set ups. Some alt coins have produced some nice HTF zones with fibs. [LINK , SOL, AVAX, DOGE and XRP ]
For entry confluence, USDT.D has a nice zone around 5.26-5.3% aligning with an unconfirmed trend line.
TOTAL has a similar zone around 2.73-2.71T. This would likely align with BTC taking liquidity around $84.3K, providing a stronger opportunity to favour long set ups.
TOTAL2 offers less strength for confluence, with a weaker zone around 1.02T.
I will be treating longs in this area as scalps, since HTF MS remains bearish, despite an internal HTF uptrend. Furthermore, across USDT.D, TOTAL, T2 and BTC, we are currently within HTF supply, in addition to BVOL and BVOL24 indicating a powerful move soon.
As always play it level by level, manage risk and be open to changing your bias. I will be playing these trades on futures only.
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