📊#BTC Reached Resistance Zone✔️
🧠From a structural perspective, we have reached the resistance zone around 62300-63300, which is also close to the lower edge resistance line of the descending triangle. Therefore, our short positions have been activated here.
➡️60300-60800 is a support-resistance conversion zone, which has now become a support zone and can be our first target zone.
➡️The second target zone is around 58800, which is a monthly support-resistance line. The third target can still be watched for the support level around 57777.
⚠️Today's spot trading is still showing a net outflow! The trading volume has not gradually increased, so this rise can only be defined as a rebound phase in a downtrend. Therefore, please be wary of the risk of further decline.
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BTCUSDT.P
🧠From a structural perspective, we have reached the resistance zone around 62300-63300, which is also close to the lower edge resistance line of the descending triangle. Therefore, our short positions have been activated here.
➡️60300-60800 is a support-resistance conversion zone, which has now become a support zone and can be our first target zone.
➡️The second target zone is around 58800, which is a monthly support-resistance line. The third target can still be watched for the support level around 57777.
⚠️Today's spot trading is still showing a net outflow! The trading volume has not gradually increased, so this rise can only be defined as a rebound phase in a downtrend. Therefore, please be wary of the risk of further decline.
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
BTCUSDT.P Zlecenie zamknięto ręcznie
We broke above the upper boundary of the descending triangle—coming perilously close to the stop-loss level!
At the same time, with the weekly close above $63,300, the probability of a further plunge following a break to new lows has diminished; instead, bullish signs have emerged.
Consequently, we manually closed the short position.
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💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.