BTC is high from few days but now BTC target is down
Trade Setup>
ENTRY 108,795
TARGET 107205
SL POINT 109500
The price is approaching strong resistance . the chart suggest a potential rejection near this resistance, triggering a short trade. there is clear risk / reward if targeting the 105k zone .
ICHIMOKU Cloud and support.
resistance zone are market price is currently above momentum but wedge pattern hints at exhaustion.
Scenario 1 — Bearish Reversal.
Price breaks down from the rising wedge.
First support test near 107,200.
If momentum continues, 105,000 major support.
Scenario 2 — Bullish Continuation .
Price breaks and holds above 109,777.
Next bullish target would be 110,000+.
Trade Setup>
ENTRY 108,795
TARGET 107205
SL POINT 109500
The price is approaching strong resistance . the chart suggest a potential rejection near this resistance, triggering a short trade. there is clear risk / reward if targeting the 105k zone .
ICHIMOKU Cloud and support.
resistance zone are market price is currently above momentum but wedge pattern hints at exhaustion.
Scenario 1 — Bearish Reversal.
Price breaks down from the rising wedge.
First support test near 107,200.
If momentum continues, 105,000 major support.
Scenario 2 — Bullish Continuation .
Price breaks and holds above 109,777.
Next bullish target would be 110,000+.
Trade closed: stop reached
sorry guys sl hit
Best Analysis xauuad single
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VIP PREMIMUM ANALYSIS ROOM SIGNALS
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t.me/+eZQd8QWqqvA5YzRk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+iLAu1r1c9PJiY2Nk
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.
Best Analysis xauuad single
t.me/+eZQd8QWqqvA5YzRk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+iLAu1r1c9PJiY2Nk
t.me/+eZQd8QWqqvA5YzRk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+iLAu1r1c9PJiY2Nk
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.