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
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.
GODO Capital Markets
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.