BTC/USDT | Trendline Retest for a Potential Downward Move
This BTC/USDT 4-hour chart presents a bearish setup following a retest of the ascending trendline, which previously acted as support but may now serve as resistance. Key details of the trade plan include:
This setup assumes a rejection at the trendline, signaling potential further downside. Monitor price action closely and use proper risk management. Share your thoughts or adjustments to refine the idea!
- Entry around the $95,584.8 level after the retest of the trendline.
- Stop-loss set above $96,694.0 to protect against invalidation.
- Targeting $91,702.3 as the initial take-profit zone, coinciding with a previous demand area.
This setup assumes a rejection at the trendline, signaling potential further downside. Monitor price action closely and use proper risk management. Share your thoughts or adjustments to refine the idea!
Dagangan aktif
Nota
2R Down
Nota
3R downDagangan ditutup: sasaran tercapai
A good 1:3.5 RR trade. On to the next one.
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.