BTCUSDT likely to head down from hourly resistance around 68.3k

May 22

Here is a short idea. The price has bounced several times from hourly support but is likely to break it on the next drop. The price may hit hourly resistance HR1 first before that and then reverse from there triggering our short trade. The price is likely to go down towards the target of this trade around 68.3k. Lets see where it goes.

May 23

Note

The price reached to the HR1 from where our short was planned. The price got rejected there and reversed towards our target of the short trade. I think the price will soon find support and bounce where we look for a long