📉 **BTCUSDT Analysis – Bearish Structure on the 15-Minute Timeframe**
The chart indicates a strong downtrend in the 15-minute timeframe. After a continuous decline, the price is attempting a recovery, but this move appears to be more of a correction within the bearish trend. The price has shown weakness after touching the Exponential Moving Average (EMA), increasing the likelihood of further downside movement.
🔹 **Entry Level:** 82,205.98
🔹 **Stop Loss:** 82,376.76
🔹 **Final Target:** 80,572.94
**Key Levels:**
🔸 **Major Support:** 80,572.94
🔸 **Major Resistances:** 84,203.62 and 84,550.93
💡 Paying attention to the overall market trend and price reactions to key levels is crucial. In this strategy, **half of the trade volume should be closed at TP1** to secure profits and manage risk effectively.
The chart indicates a strong downtrend in the 15-minute timeframe. After a continuous decline, the price is attempting a recovery, but this move appears to be more of a correction within the bearish trend. The price has shown weakness after touching the Exponential Moving Average (EMA), increasing the likelihood of further downside movement.
🔹 **Entry Level:** 82,205.98
🔹 **Stop Loss:** 82,376.76
🔹 **Final Target:** 80,572.94
**Key Levels:**
🔸 **Major Support:** 80,572.94
🔸 **Major Resistances:** 84,203.62 and 84,550.93
💡 Paying attention to the overall market trend and price reactions to key levels is crucial. In this strategy, **half of the trade volume should be closed at TP1** to secure profits and manage risk effectively.
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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.