📊#BTC Retesting Resistance Zone⚠️
🧠We rebounded strongly after finding support near the S/R zone around 65000, but unfortunately, it didn't reach the support level I was watching, so we missed this upward move. Currently, it's testing resistance near 72000, so be aware of the risk of a pullback. Shorting on rallies is necessary in a bear market.
➡️Today, I tried some short positions near the overlapping resistance level of 70600, locking in 70% of the main profit near 69700 before hitting my cost price and closing the position. Please do not chase the price up near this resistance zone. If you want to chase the price up, you need to see it stabilize in the 70500-72000 area before considering it!
➡️Short-term support is around 68300, with better support around 66300.
Let's see 👀
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BTCUSDT.P
🧠We rebounded strongly after finding support near the S/R zone around 65000, but unfortunately, it didn't reach the support level I was watching, so we missed this upward move. Currently, it's testing resistance near 72000, so be aware of the risk of a pullback. Shorting on rallies is necessary in a bear market.
➡️Today, I tried some short positions near the overlapping resistance level of 70600, locking in 70% of the main profit near 69700 before hitting my cost price and closing the position. Please do not chase the price up near this resistance zone. If you want to chase the price up, you need to see it stabilize in the 70500-72000 area before considering it!
➡️Short-term support is around 68300, with better support around 66300.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P Сделка закрыта: достигнута тейк-профит цена
#BTC Update
We attempted to short at the overlapping resistance zone for the second time, and the market fell again as expected. In a bear market, shorting on rallies and trend-following trades seem much simpler.
However, after waking up, I found that the price hadn't fallen significantly, so I chose to close my position near my first target of 69588 and temporarily observe to see if the market will give me a third trading opportunity.
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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👇
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.