#BTC Bullish Head and Shoulders Structure ?
Updated
📊#BTC Bullish Head and Shoulders Structure❓
🧠From a structural perspective, we encountered obstacles after completing the goal of the long structure. Yesterday we also emphasized the strong resistance near 58250. Today we saw the opportunity to build a bearish double top structure near the selling zone and entered a short trade. At present, the goals of this structure have been fully achieved and the short order has been closed. If you opened a short position near strong resistance yesterday, you should reduce or close your position now.
➡️Currently we are in a position where the support zone and the buy zone overlap, which is considered the heaviest support zone. If we rebound from here and can break through the inflection point of 58500, then we have the opportunity to build a bullish head and shoulders structure. If this The structure holds, then we may be able to reverse the downward trend.
Let’s see 👀
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BTCUSDT.P
🧠From a structural perspective, we encountered obstacles after completing the goal of the long structure. Yesterday we also emphasized the strong resistance near 58250. Today we saw the opportunity to build a bearish double top structure near the selling zone and entered a short trade. At present, the goals of this structure have been fully achieved and the short order has been closed. If you opened a short position near strong resistance yesterday, you should reduce or close your position now.
➡️Currently we are in a position where the support zone and the buy zone overlap, which is considered the heaviest support zone. If we rebound from here and can break through the inflection point of 58500, then we have the opportunity to build a bullish head and shoulders structure. If this The structure holds, then we may be able to reverse the downward trend.
Let’s see 👀
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BTCUSDT.P Trade active
🧠#BTC
Breaking through wave 4 means that the short structure has been destroyed, and if it pulls back into the buying zone again, you can buy and buy with confidence! ! !💰🚀🌕
⚠️Attention, please don’t forget risk management💯
Trade closed: stop reached
⛔️#BTC
Stop loss hit, order closed
Not what I expected so just keep calm and take a look.
Maybe I need to be more patient and wait for the long structure to be established before entering.
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🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
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