This chart shows a short trade setup for Bitcoin (BTC/USD) on the 1-hour timeframe. Here's a quick breakdown of the analysis:
Entry Level: Around $92,128, where the price is currently hovering.
Stop Loss Level: Just above $94,000, placed above a recent resistance zone where price previously rejected (highlighted with an orange circle).
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Entry Level: Around $92,128, where the price is currently hovering.
Stop Loss Level: Just above $94,000, placed above a recent resistance zone where price previously rejected (highlighted with an orange circle).
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Trade active
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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.