BINANCE:ZECUSDT
If the price comes to point D Bearish Butterfly We can start looking for a price action.
Factors that can support us at this point;
-Liquidity Level
The 200 MA (moving average) on the -4 hour scale is just passing through point D.
-The vendors who will follow the Butterfly D point.
TP levels after price action that may occur in this region are as in the chart.
I left a small image for the region you need to look for Price Action on the chart 🙂
For your information, the Pattern will be deemed invalid in case of closings above this region.
In addition to the stopping distance, a minimum of 1:1.5 ATR should be used.
Good luck everybody..