BitcoinShort
SELL opportunity
Trade Type: Short Position (Sell)
Reason: Price is entering a strong supply zone around 98670 USDT. Supply zones are typically areas where selling pressure can push the price lower.
Entry: 98670 USDT
This is the price at which the market should be entered for the short position, as it aligns with the supply zone and a potential reversal area.
Stop Loss: 100458 USDT
Place a stop loss above the entry at 100458 USDT to minimize risk in case the price moves upward.
Take Profit 1 (TP1): 91979 USDT
The first take-profit target is set at 91979 USDT. This level is likely where the price could find support and reverse or consolidate before making another move lower.
Take Profit 2 (TP2): 87732 USDT
The second take-profit target is set at 87732 USDT, which would represent a deeper price retracement towards a potential strong support level.
Reason: Price is entering a strong supply zone around 98670 USDT. Supply zones are typically areas where selling pressure can push the price lower.
Entry: 98670 USDT
This is the price at which the market should be entered for the short position, as it aligns with the supply zone and a potential reversal area.
Stop Loss: 100458 USDT
Place a stop loss above the entry at 100458 USDT to minimize risk in case the price moves upward.
Take Profit 1 (TP1): 91979 USDT
The first take-profit target is set at 91979 USDT. This level is likely where the price could find support and reverse or consolidate before making another move lower.
Take Profit 2 (TP2): 87732 USDT
The second take-profit target is set at 87732 USDT, which would represent a deeper price retracement towards a potential strong support level.
GODO Capital Markets
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