uddy'S dear friend 👋 SMC Trading Signals Update 🗾 🗺️
Technical Analysis:
Timeframe: 4-hour chart
Current Price: $88,244
Trend: Uptrend within an ascending channel
Supply Resistance Zone: $92,721 (Potential reversal area)
Fair Value Gap (FVG) Support Zone: $87,200 - $87,600
200 MA Resistance: Price is approaching the 200 Moving Average, which could act as resistance.
Key Levels:
1. Support:
FVG Zone (~$87,200 - $87,600) – Potential buy zone
Major Support: $86,649
2. Resistance:
$92,721 (Supply Zone) – Key target level
$90,000 Psychological Resistance
3. RSI Indicator:
Currently at 76.37, indicating overbought conditions.
A potential pullback could occur before further upside.
Mr SMC Trading point
Risk Management Strategy:
Long Entry: Near FVG Zone (~$87,200 - $87,600) if price retraces.
Stop Loss: Below $86,649 to limit downside risk.
Take Profit: Around $92,721 for a risk-reward trade.
Market Outlook:
Bitcoin remains bullish, but the RSI suggests a possible pullback before continuation.
A retracement into the FVG Zone may provide a better buying opportunity before the next leg up.
If price breaks below the FVG zone, the uptrend could weaken.
Pales support boost 🚀 analysis follow)
Technical Analysis:
Timeframe: 4-hour chart
Current Price: $88,244
Trend: Uptrend within an ascending channel
Supply Resistance Zone: $92,721 (Potential reversal area)
Fair Value Gap (FVG) Support Zone: $87,200 - $87,600
200 MA Resistance: Price is approaching the 200 Moving Average, which could act as resistance.
Key Levels:
1. Support:
FVG Zone (~$87,200 - $87,600) – Potential buy zone
Major Support: $86,649
2. Resistance:
$92,721 (Supply Zone) – Key target level
$90,000 Psychological Resistance
3. RSI Indicator:
Currently at 76.37, indicating overbought conditions.
A potential pullback could occur before further upside.
Mr SMC Trading point
Risk Management Strategy:
Long Entry: Near FVG Zone (~$87,200 - $87,600) if price retraces.
Stop Loss: Below $86,649 to limit downside risk.
Take Profit: Around $92,721 for a risk-reward trade.
Market Outlook:
Bitcoin remains bullish, but the RSI suggests a possible pullback before continuation.
A retracement into the FVG Zone may provide a better buying opportunity before the next leg up.
If price breaks below the FVG zone, the uptrend could weaken.
Pales support boost 🚀 analysis follow)
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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.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
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.