ZEC/USDT Bearish Butterfly for the symbol BINANCE:ZECUSDT by Part-of-Fortune ! — NewsOfFinance


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..

Soruce : https://tr.tradingview.com/chart/ZECUSDT/1EPfoXx5/

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