According to GPS analysis, it appears that a supply zone has formed, from which the price has already experienced a drop once. Currently, the price is retracing back toward this supply area, presenting a potential opportunity for a short position.
We are looking for confirmation to enter a short trade within the red-colored zone. The main target for this move could be the green-colored area, although we have also marked shorter-term targets directly on the chart for more tactical exits.
It is important to note that if a daily candle closes above the red zone, this scenario will be invalidated, and traders should reconsider their positions accordingly.
This setup highlights the significance of supply and resistance levels in guiding entries and exits, emphasizing disciplined risk management while waiting for confirmation signals before committing to a trade.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
We are looking for confirmation to enter a short trade within the red-colored zone. The main target for this move could be the green-colored area, although we have also marked shorter-term targets directly on the chart for more tactical exits.
It is important to note that if a daily candle closes above the red zone, this scenario will be invalidated, and traders should reconsider their positions accordingly.
This setup highlights the significance of supply and resistance levels in guiding entries and exits, emphasizing disciplined risk management while waiting for confirmation signals before committing to a trade.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
Transaction en cours
After hitting the red zone, it dumped more than $31 and the first target was reachedTrade fermée: cible de profit atteinte
All targets have been achieved.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.