BTCUSDT Intraday Idea | 1H Chart
Price recently pushed into a key supply zone and is now pulling back after a strong impulsive move. The highlighted green box marks a demand block or breakout origin, with confluence from high volume and previous rejection.
🟩 Long Area:
116,725 – 116,300
This area acted as a bullish breaker and low-volume node. Price previously wicked deep into this zone before a strong bullish push, suggesting unfilled orders remain. If price retests this zone, a reaction is likely.
Reason for Entry:
• Strong displacement from demand
• Price forming lower highs into potential mitigation
• Decreasing sell volume on the pullback → signs of absorption
• Clean R/R with tight invalidation
📉 Short-term Sell-off:
This retracement is likely a liquidity grab or order block mitigation, pulling into the long zone to refill institutional orders.
📈 Target Zone:
119,750+ – aligned with recent inefficiency and prior high.
Price recently pushed into a key supply zone and is now pulling back after a strong impulsive move. The highlighted green box marks a demand block or breakout origin, with confluence from high volume and previous rejection.
🟩 Long Area:
116,725 – 116,300
This area acted as a bullish breaker and low-volume node. Price previously wicked deep into this zone before a strong bullish push, suggesting unfilled orders remain. If price retests this zone, a reaction is likely.
Reason for Entry:
• Strong displacement from demand
• Price forming lower highs into potential mitigation
• Decreasing sell volume on the pullback → signs of absorption
• Clean R/R with tight invalidation
📉 Short-term Sell-off:
This retracement is likely a liquidity grab or order block mitigation, pulling into the long zone to refill institutional orders.
📈 Target Zone:
119,750+ – aligned with recent inefficiency and prior high.
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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.
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.