๐ SHORT 
BTCUSDT.P from $82,125.0
๐ก Stop loss: $82,976.0
๐ Timeframe: 4H
โ Overview:
โก๏ธ TheBTCUSDT.P chart shows a rising wedge โ a typical bearish pattern.
โก๏ธ Price hit the upper wedge boundary and started to decline, breaking support.
โก๏ธ A second top (Top 2) has formed on weakening volume, signaling a possible reversal.
โก๏ธ The POC at $82,490.8 has been broken โ price is holding below it, strengthening the bearish case.
๐ฏ TP Targets:
๐ TP 1: $81,430.0
๐ TP 2: $80,887.0
๐ TP 3: $80,485.0
๐ข Additional scenario notes:
๐ข Entry activates upon breakdown and consolidation below $82,125.
๐ข Watch for increased volume at key TP levels for confirmation.
๐ข A move above $82,976.0 invalidates the setup โ stop placed just above key resistance and wedge top.
๐BTCUSDT.P shows signs of reversal โ a corrective move to the downside is expected.
BTCUSDT.P from $82,125.0๐ก Stop loss: $82,976.0
๐ Timeframe: 4H
โ Overview:
โก๏ธ The
BTCUSDT.P chart shows a rising wedge โ a typical bearish pattern.โก๏ธ Price hit the upper wedge boundary and started to decline, breaking support.
โก๏ธ A second top (Top 2) has formed on weakening volume, signaling a possible reversal.
โก๏ธ The POC at $82,490.8 has been broken โ price is holding below it, strengthening the bearish case.
๐ฏ TP Targets:
๐ TP 1: $81,430.0
๐ TP 2: $80,887.0
๐ TP 3: $80,485.0
๐ข Additional scenario notes:
๐ข Entry activates upon breakdown and consolidation below $82,125.
๐ข Watch for increased volume at key TP levels for confirmation.
๐ข A move above $82,976.0 invalidates the setup โ stop placed just above key resistance and wedge top.
๐
BTCUSDT.P shows signs of reversal โ a corrective move to the downside is expected.
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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.
๐ฅSubscribe to our Telegram channel๐ฅ
๐ฅEvery day 1 FREE signal ๐ฅ
๐ tinyurl.com/GoToMoriartyTradeGlobal
๐ฅEvery day 1 FREE signal ๐ฅ
๐ tinyurl.com/GoToMoriartyTradeGlobal
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.