ETHUSDT, range deviation are we going to BREAK?
Will we finally break out of the range or not?
At the moment we have a typical price action of a missed range exit: a 'deviation'.
When we have a deviation in a range we usually have an opposite movement on the other side.
However, this breakout (and I hope so) will potentially finally get us out of the range we have been in for months on BTC.
This spot is relatively optimal for betting on a rise with an easy stop below the average value line.
The expectation of gains from this kind of trade is not excellent, however, as the probability that we will remain in the range is high.
It would be better to wait for a clean break upwards for confirmation.
At the moment we have a typical price action of a missed range exit: a 'deviation'.
When we have a deviation in a range we usually have an opposite movement on the other side.
However, this breakout (and I hope so) will potentially finally get us out of the range we have been in for months on BTC.
This spot is relatively optimal for betting on a rise with an easy stop below the average value line.
The expectation of gains from this kind of trade is not excellent, however, as the probability that we will remain in the range is high.
It would be better to wait for a clean break upwards for confirmation.