Key Technical Observations:
Descending Channel Breakout: Price action previously moved within a tight descending channel (highlighted in orange). While it broke out to the upside, it is now encountering heavy supply.
H1 Order Block (H1-OB): Price has rallied into a highlighted bearish Order Block on the 1-hour timeframe. This zone is acting as a primary Resistance level.
Market Structure Shift: We see multiple "BOS" (Break of Structure) labels. While the recent minor trend was bullish, the rejection at the H1-OB suggests a potential shift back to the bearish side.
SMC Logic: The "SMC" trendline indicates the underlying liquidity drive. The current setup anticipates a "Stop Hunt" or a rejection from the premium supply zone.
The Setup:
The projected path (indicated by the red dashed line) suggests a brief retest of the Resistance zone followed by a sharp move downward.
Entry Zone: 80,700 – 80,850 (Inside the H1-OB)
Invalidation (SL): A sustained candle close above the yellow "RESISTANCE" line.
Primary Target: The blue "TARGET" liquidity zone at the recent swing lows (approx. 79,800 - 80,000).
Descending Channel Breakout: Price action previously moved within a tight descending channel (highlighted in orange). While it broke out to the upside, it is now encountering heavy supply.
H1 Order Block (H1-OB): Price has rallied into a highlighted bearish Order Block on the 1-hour timeframe. This zone is acting as a primary Resistance level.
Market Structure Shift: We see multiple "BOS" (Break of Structure) labels. While the recent minor trend was bullish, the rejection at the H1-OB suggests a potential shift back to the bearish side.
SMC Logic: The "SMC" trendline indicates the underlying liquidity drive. The current setup anticipates a "Stop Hunt" or a rejection from the premium supply zone.
The Setup:
The projected path (indicated by the red dashed line) suggests a brief retest of the Resistance zone followed by a sharp move downward.
Entry Zone: 80,700 – 80,850 (Inside the H1-OB)
Invalidation (SL): A sustained candle close above the yellow "RESISTANCE" line.
Primary Target: The blue "TARGET" liquidity zone at the recent swing lows (approx. 79,800 - 80,000).
Trade closed: target reached
BTCUSDT Update: Full Target Smashed! 🚀
Join our Free Daily Signals Channel – Targeting 500+ Pips!
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our Free Daily Signals Channel – Targeting 500+ Pips!
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.