Supply Zone (~85,296 - 84,835):
The price has reached a supply zone, which is acting as resistance. A rejection from this area could push BTC down.
Support Zone (~82,260 - 81,977):
This is a demand area where buyers might step in if the price declines.
Indicators:
EMA 30 (Red Line - 83,553.82): Short-term trend indicator.
EMA 200 (Blue Line - 83,743.52): Long-term trend indicator, currently above the price, indicating potential resistance.
Price Action & Prediction:
The price has touched the supply zone and is showing signs of rejection.
The blue projected path suggests a potential pullback followed by a drop toward the support zone (~82,260).
If price breaks below the support zone, further downside could be expected.
Potential Trade Idea:
Short Setup: If rejection at the supply zone continues, a short position could target the 82,260 support zone.
Long Setup: If price reaches the support zone and shows bullish reactions, a long position could aim for a rebound toward resistance.
The price has reached a supply zone, which is acting as resistance. A rejection from this area could push BTC down.
Support Zone (~82,260 - 81,977):
This is a demand area where buyers might step in if the price declines.
Indicators:
EMA 30 (Red Line - 83,553.82): Short-term trend indicator.
EMA 200 (Blue Line - 83,743.52): Long-term trend indicator, currently above the price, indicating potential resistance.
Price Action & Prediction:
The price has touched the supply zone and is showing signs of rejection.
The blue projected path suggests a potential pullback followed by a drop toward the support zone (~82,260).
If price breaks below the support zone, further downside could be expected.
Potential Trade Idea:
Short Setup: If rejection at the supply zone continues, a short position could target the 82,260 support zone.
Long Setup: If price reaches the support zone and shows bullish reactions, a long position could aim for a rebound toward resistance.
Trade closed: target reached
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.