Analysis:
BTC/USDT is currently showing weakness after breaking below a key support level, which has now turned into resistance (highlighted zone). Price is retesting this area, and if it fails to break above convincingly, it may confirm continuation to the downside.
Key Points:
The highlighted red zone is a strong supply area where sellers previously took control.
Price is forming lower highs, showing bearish momentum.
A rejection from this zone could trigger another leg down.
Trade Idea:
Entry: Wait for bearish confirmation around the resistance zone.
Target: Next support levels below.
Stop Loss: Above the red zone to protect against invalidation.
This setup is based on a classic support-turned-resistance scenario and market structure continuation.
BTC/USDT is currently showing weakness after breaking below a key support level, which has now turned into resistance (highlighted zone). Price is retesting this area, and if it fails to break above convincingly, it may confirm continuation to the downside.
Key Points:
The highlighted red zone is a strong supply area where sellers previously took control.
Price is forming lower highs, showing bearish momentum.
A rejection from this zone could trigger another leg down.
Trade Idea:
Entry: Wait for bearish confirmation around the resistance zone.
Target: Next support levels below.
Stop Loss: Above the red zone to protect against invalidation.
This setup is based on a classic support-turned-resistance scenario and market structure continuation.
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"🤖 Smart Trading Bots | 🚀 Advanced Market Analysis & Strategies | Helping You Trade Smarter, Not Harder!" ترید بات نبضار nabzar
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.