The BTC/USD M15 chart potential sell setup based on the idea of price filling the gap below. Here's a technical breakdown and suggested trade plan:
🔍 Analysis Summary:
The chart shows a strong bullish move creating a gap (imbalance) below.
Price is currently at a resistance zone near $119,350.
A marked supply zone (in pink/red) above $119,000 hints at potential rejection.
Expected move is a reversal toward the lower gap area, shown by the large downward arrow.
📉 Sell Trade Setup (Short Position)
Entry Zone (Sell):
Between $118,800 – $119,300 (supply zone / top of current rally)
Stop Loss (SL):
Above supply zone: $119,500
Take Profit Targets (TP):
1. TP1: $116,000 – recent structure support
2. TP2: $115,000 – fills upper part of the gap
3. TP3: $111,500 – full gap fill / prior consolidation base
🔍 Analysis Summary:
The chart shows a strong bullish move creating a gap (imbalance) below.
Price is currently at a resistance zone near $119,350.
A marked supply zone (in pink/red) above $119,000 hints at potential rejection.
Expected move is a reversal toward the lower gap area, shown by the large downward arrow.
📉 Sell Trade Setup (Short Position)
Entry Zone (Sell):
Between $118,800 – $119,300 (supply zone / top of current rally)
Stop Loss (SL):
Above supply zone: $119,500
Take Profit Targets (TP):
1. TP1: $116,000 – recent structure support
2. TP2: $115,000 – fills upper part of the gap
3. TP3: $111,500 – full gap fill / prior consolidation base
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JOIN MY TELEGRAM:
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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.