The upcoming trading session is critical for Bitcoin as price approaches the significant $116,000 resistance zone. We are observing a notable increase in trading volume, which often serves as a precursor to a decisive price movement.
This volume surge ahead of a key level increases the probability of a bullish resolution. Our primary scenario anticipates a potential breakout. A confirmed daily close above $116,000, supported by sustained high volume, would validate this breakout and could initiate a strong bullish impulse.
In alignment with this thesis, we have strategically placed a buy-stop order above the $116,000 resistance. This order will only activate upon a valid and confirmed breakout, ensuring we are positioned for a potential continuation upward.
Conversely, as part of robust risk management, we must acknowledge the alternative scenario. Should the $116,000 resistance hold and provoke a bearish rejection, a breakdown below the $113,000 support level would become the expected outcome. This would signal a failure of the bullish attempt and likely trigger a short-term corrective move.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
This volume surge ahead of a key level increases the probability of a bullish resolution. Our primary scenario anticipates a potential breakout. A confirmed daily close above $116,000, supported by sustained high volume, would validate this breakout and could initiate a strong bullish impulse.
In alignment with this thesis, we have strategically placed a buy-stop order above the $116,000 resistance. This order will only activate upon a valid and confirmed breakout, ensuring we are positioned for a potential continuation upward.
Conversely, as part of robust risk management, we must acknowledge the alternative scenario. Should the $116,000 resistance hold and provoke a bearish rejection, a breakdown below the $113,000 support level would become the expected outcome. This would signal a failure of the bullish attempt and likely trigger a short-term corrective move.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
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My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Penerbitan berkaitan
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.