✅ Bullish Possibilities:
If price respects the curve support and 118,800 zone, it could bounce back toward 119,300–119,600.
Curve support could act as a launchpad for another leg up, indicating Smart Money accumulation.
⚠️ Bearish Risks:
A break below 118,745 (curve bottom) could lead to further drop toward 117,800–117,500 area.
That curved structure might also indicate a Rounded Top (distribution phase) if broken.
🧠 Strategy Ideas:
Direction Entry Stop-Loss Target Notes
Long 118,800–118,850 Below 118,700 119,300 / 119,600 If price holds curve support
Short Below 118,745 Above 118,850 118,300 / 117,800 If support fails, aim for breakdown trade
📌My Insights:
The curved support zone often hints at a "cup"-like structure—if price bounces, expect retest of highs.
If BTC consolidates at this support zone with higher lows, it strengthens bullish continuation case.
If price respects the curve support and 118,800 zone, it could bounce back toward 119,300–119,600.
Curve support could act as a launchpad for another leg up, indicating Smart Money accumulation.
⚠️ Bearish Risks:
A break below 118,745 (curve bottom) could lead to further drop toward 117,800–117,500 area.
That curved structure might also indicate a Rounded Top (distribution phase) if broken.
🧠 Strategy Ideas:
Direction Entry Stop-Loss Target Notes
Long 118,800–118,850 Below 118,700 119,300 / 119,600 If price holds curve support
Short Below 118,745 Above 118,850 118,300 / 117,800 If support fails, aim for breakdown trade
📌My Insights:
The curved support zone often hints at a "cup"-like structure—if price bounces, expect retest of highs.
If BTC consolidates at this support zone with higher lows, it strengthens bullish continuation case.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.