Bitcoin SELL
(BTC/USD) chart, price action has broken below a well-respected ascending trendline, signaling a potential bearish breakout. The entry zone for a short position is between $104,750 and $105,250, just below the Ichimoku cloud resistance and previous support turned resistance. The suggested stop loss should be placed above the recent swing high at $107,350 to protect against false breakouts. The first target point lies around $96,800, aligning with the horizontal support zone and historical demand area. If bearish momentum continues, a further drop toward the secondary target zone around $92,000 could be expected. This trade setup combines trendline analysis, Ichimoku cloud resistance, and horizontal support targeting for a high-probability short opportunity.
(BTC/USD) chart, price action has broken below a well-respected ascending trendline, signaling a potential bearish breakout. The entry zone for a short position is between $104,750 and $105,250, just below the Ichimoku cloud resistance and previous support turned resistance. The suggested stop loss should be placed above the recent swing high at $107,350 to protect against false breakouts. The first target point lies around $96,800, aligning with the horizontal support zone and historical demand area. If bearish momentum continues, a further drop toward the secondary target zone around $92,000 could be expected. This trade setup combines trendline analysis, Ichimoku cloud resistance, and horizontal support targeting for a high-probability short opportunity.
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t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.