Given the structure formed at the price floor (3D), the mitigation of supply zones at the price ceiling, the sellers holding their ground, and the failure to clear key supply areas, the buyers who have pushed the price upward will likely turn into sellers around the red zone. This suggests that a significant drop is ahead.
In reality, the price reaching these levels has not accomplished anything substantial, as no critical zone has been cleared.
The target could be the green box.
Be cautious with your buy/long positions.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
In reality, the price reaching these levels has not accomplished anything substantial, as no critical zone has been cleared.
The target could be the green box.
Be cautious with your buy/long positions.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
The BTC has hit our supply zone, and we are witnessing a halt in Bitcoin's bullish momentum.How much Bitcoin gets rejected downward depends on the formation of reversal pivots or liquidation, which requires some time.
If you entered a short position, you should have done so in the red zone and set a logical stop-loss relative to your position size and leverage.
Considering that Ethereum is in a key support zone relative to Bitcoin and some altcoins are showing bullish signs, market trades will now be accompanied by pumps and dumps, so risk management is essential.
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
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Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.