Bitcoin / TetherUSUpdated Bitcoin Pullback Strategy Analysis
HELLO GUYS.
Current Trend: Bitcoin is currently in an upward channel, but showing signs of potential consolidation or pullback.
Key Support Zone: The first highlighted blue zone, which is around $85,500, serves as the immediate support. A break below this level could trigger a bearish move.
Short Position Opportunity: If the price breaks below the support zone, wait for a pullback into the previous support (now resistance) to enter a short position.
Target Zones: The next potential target zone for this short position lies around the lower support near $82,900.
Risk Management: Monitor for a failed breakdown and reclaim of support, as this could invalidate the short setup.
Current Trend: Bitcoin is currently in an upward channel, but showing signs of potential consolidation or pullback.
Key Support Zone: The first highlighted blue zone, which is around $85,500, serves as the immediate support. A break below this level could trigger a bearish move.
Short Position Opportunity: If the price breaks below the support zone, wait for a pullback into the previous support (now resistance) to enter a short position.
Target Zones: The next potential target zone for this short position lies around the lower support near $82,900.
Risk Management: Monitor for a failed breakdown and reclaim of support, as this could invalidate the short setup.
Trade closed: stop reached
it was failed
👉 my broker:: bit.ly/HYMCMELI
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.