This BTCUSD chart outlines a clear potential sell setup as price approaches a major resistance zone between 87,900–88,100. This area previously formed two tops, indicating strong seller presence.
- Current Price Action**: BTC is pushing into the resistance zone with a sharp move up. However, this area has historically led to reversals.
- Trade Plan: Wait for bearish rejection or confirmation (like a reversal candle or structure break) before entering a short position.
- Targets:
- 1st Target: 85,561 – minor support and possible bounce zone.
- 2nd Target: Around 82,000 – previous consolidation and demand area.
- 3rd Target: Near 78,000 – deeper support zone if bearish momentum continues.
The chart emphasizes patience and discipline: no trade without confirmation. It's a strategic setup relying on historical resistance and clean downside structure.
Overall, it’s a potential short setup near resistance with clean downside targets, but confirmation is key.
- Current Price Action**: BTC is pushing into the resistance zone with a sharp move up. However, this area has historically led to reversals.
- Trade Plan: Wait for bearish rejection or confirmation (like a reversal candle or structure break) before entering a short position.
- Targets:
- 1st Target: 85,561 – minor support and possible bounce zone.
- 2nd Target: Around 82,000 – previous consolidation and demand area.
- 3rd Target: Near 78,000 – deeper support zone if bearish momentum continues.
The chart emphasizes patience and discipline: no trade without confirmation. It's a strategic setup relying on historical resistance and clean downside structure.
Overall, it’s a potential short setup near resistance with clean downside targets, but confirmation is key.
Note
Sell Setup Is Active Now Market 88,499 You Can Sell Around This Level
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t.me/+JLFlD0eg3LFjNjU8
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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.
🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.