Potential Bullish Reversal at Order Block Zone
Updated
Currently, BTC is displaying a recurring pattern of lower lows and lower highs within the hourly time frame. However, there is a potential for a bullish upswing at the Order Block Zone around $26,500. It is worth noting that in technical analysis, a significant shift in market sentiment can occur when we start observing higher highs and higher lows, indicating a possible trend reversal.
Should this reversal take place, it could potentially attract institutional traders looking to rebalance the market.
Based on our analysis, we have identified an entry zone at $26,500, with a target price of $27,190. To manage potential risks, it is advisable to consider setting a stop loss at $26,300
Should this reversal take place, it could potentially attract institutional traders looking to rebalance the market.
Based on our analysis, we have identified an entry zone at $26,500, with a target price of $27,190. To manage potential risks, it is advisable to consider setting a stop loss at $26,300
Note
"📈 #BTCAnalysis: Potential Bullish Reversal at Order Block Zone 🚀📉 BTC is currently exhibiting lower lows and lower highs in the hourly timeframe. However, a positive trend reversal might be brewing at the $26,500 Order Block Zone.
🔄 Higher highs and higher lows could indicate a shift in market sentiment, attracting institutional traders.
💼 Entry: $26,500
🎯 Target: $27,190
🛑 Stop loss: $26,300
#Bitcoin #CryptoTrading #TechnicalAnalysis"
Trade closed: target reached
Perfect MovsNote
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.