Previous Channel Break:
The price was moving in a rising channel (blue parallel lines).
A breakdown occurred, indicating bearish momentum at that point.
BSL (Buy-Side Liquidity):
The chart marks a level labeled BSL, which typically refers to liquidity above a previous high that has been swept (liquidity grab or stop hunt).
Price moved above this area and then reversed, confirming a short-term manipulation or liquidity sweep.
FVG (Fair Value Gap):
A Fair Value Gap is identified (highlighted in cyan). This area represents an imbalance left by strong selling pressure and is often used as a reference for potential price return or support.
Price revisited and bounced from this FVG, suggesting it acted as a support zone.
Resistance Level:
A horizontal line marks a resistance level near 104,500 – a key price level where price may initially struggle to break above.
Projected Bullish Structure:
A bullish pattern is forecasted, indicating:
A break above the resistance.
A possible retracement back to the breakout level (support-turned-resistance).
A continuation toward the target zone near 105,500–106,000.
Trade Setup:
The green and red rectangles suggest a long (buy) trade idea:
Entry near the breakout.
Stop-loss below recent lows (~102,500).
Target near the top resistance (~106,000).
The price was moving in a rising channel (blue parallel lines).
A breakdown occurred, indicating bearish momentum at that point.
BSL (Buy-Side Liquidity):
The chart marks a level labeled BSL, which typically refers to liquidity above a previous high that has been swept (liquidity grab or stop hunt).
Price moved above this area and then reversed, confirming a short-term manipulation or liquidity sweep.
FVG (Fair Value Gap):
A Fair Value Gap is identified (highlighted in cyan). This area represents an imbalance left by strong selling pressure and is often used as a reference for potential price return or support.
Price revisited and bounced from this FVG, suggesting it acted as a support zone.
Resistance Level:
A horizontal line marks a resistance level near 104,500 – a key price level where price may initially struggle to break above.
Projected Bullish Structure:
A bullish pattern is forecasted, indicating:
A break above the resistance.
A possible retracement back to the breakout level (support-turned-resistance).
A continuation toward the target zone near 105,500–106,000.
Trade Setup:
The green and red rectangles suggest a long (buy) trade idea:
Entry near the breakout.
Stop-loss below recent lows (~102,500).
Target near the top resistance (~106,000).
Trade closed: target reached
| Item | Status | Explanation || ---------------------------- | ------ | -------------------------------------------------------------------------------- |
| FVG Fill | ✅ | Price reacted well to the Fair Value Gap, suggesting buyers defended the zone. |
| Resistance Rejection | ✅ | \$104,312 is clearly a strong supply zone — BTC rejected from it multiple times. |
| Target Area Hit (\$105,500+) | ❌ | Price hasn’t broken above resistance, so target remains unmet. |
| BSL Sweep | ✅ | Smart money sweep occurred, fueling the bullish move. |
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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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+YR37dVM2NG44YTZk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+YR37dVM2NG44YTZk
Related publications
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.