Bitcoin has reached a key resistance area around $95,322 and is currently showing signs of weakening momentum.
This chart outlines a short setup with a clear risk-to-reward ratio.
Trade Idea:
Entry: Around $95,322
Stop Loss: Above resistance at $96,435
Target Levels:
First support zone: $94,847
Second support zone: $93,083
Final target: $91,427
Rationale:
Price is showing rejection near prior highs.
This chart outlines a short setup with a clear risk-to-reward ratio.
Trade Idea:
Entry: Around $95,322
Stop Loss: Above resistance at $96,435
Target Levels:
First support zone: $94,847
Second support zone: $93,083
Final target: $91,427
Rationale:
Price is showing rejection near prior highs.
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.
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.