2️⃣ Daily Chart (1D) Analysis
🔍 Key Observations:
Price is consolidating below EMA and inside the red supply zone (0.618–0.65 Fib).
200 EMA is acting as dynamic resistance (around $85K).
Bearish structure with a lower high formation.
💡 Interpretation:
Current price zone (~$86.3K) is a potential short trigger area.
If rejected here, price may drop first to
82K (0.786), then $74.5K.
If price breaks above
92K (0.5 Fib), this bearish setup is invalidated.
✅ Suggested Trade Setup
Parameter Value
Short Entry $86,300 – $87,900
Stop Loss $92,500 (above 0.5 Fib)
Take Profit 1 $82,000 (0.786 Fib)
Take Profit 2 $74,500 (1.0 Fib)
Take Profit 3 $52,800 (1.618 Fib Extension)
Risk/Reward 1:3 or better
🔍 Key Observations:
Price is consolidating below EMA and inside the red supply zone (0.618–0.65 Fib).
200 EMA is acting as dynamic resistance (around $85K).
Bearish structure with a lower high formation.
💡 Interpretation:
Current price zone (~$86.3K) is a potential short trigger area.
If rejected here, price may drop first to
82K (0.786), then $74.5K.If price breaks above
92K (0.5 Fib), this bearish setup is invalidated.✅ Suggested Trade Setup
Parameter Value
Short Entry $86,300 – $87,900
Stop Loss $92,500 (above 0.5 Fib)
Take Profit 1 $82,000 (0.786 Fib)
Take Profit 2 $74,500 (1.0 Fib)
Take Profit 3 $52,800 (1.618 Fib Extension)
Risk/Reward 1:3 or better
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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.
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.