Timeframe: M15
Strategy in use: Trend-following and supply/demand zone-based trading
Technical tools:
Moving Averages (MA): Short-term (red) and long-term (blue) SMAs. Price is below both — confirming a bearish trend.
Volume: Declining volume during consolidation suggests weak buying interest.
Resistance zone: Around 110,890 - 110,930, clearly acting as a barrier as shown by repeated candle rejections.
Price Pattern: After a technical pullback, BTC hits resistance and forms a short setup.
📉 BTC SELL Recommendation
Sell Entry: 110,840 – 110,900
Stop Loss (SL): 111,023 (above resistance zone)
Take Profit (TP): 109,400
Risk:Reward Ratio: Estimated at 1:3 — suitable for a short-term swing strategy.
🧩 Reasons for Entering a Short Trade
Price below MAs, showing bearish momentum.
Strong resistance zone at 110,890 – 111,023 with multiple rejections.
Falling volume during the pullback, indicating weak demand.
Bearish candle structure: Sellers are currently in control.
Good R:R ratio, with profit potential down to 109,400.
⚠️ Warning
If the price closes above 111,023 with strong volume, this setup becomes invalid.
Watch for price action during the U.S. session — it’s key to the next major move
Strategy in use: Trend-following and supply/demand zone-based trading
Technical tools:
Moving Averages (MA): Short-term (red) and long-term (blue) SMAs. Price is below both — confirming a bearish trend.
Volume: Declining volume during consolidation suggests weak buying interest.
Resistance zone: Around 110,890 - 110,930, clearly acting as a barrier as shown by repeated candle rejections.
Price Pattern: After a technical pullback, BTC hits resistance and forms a short setup.
📉 BTC SELL Recommendation
Sell Entry: 110,840 – 110,900
Stop Loss (SL): 111,023 (above resistance zone)
Take Profit (TP): 109,400
Risk:Reward Ratio: Estimated at 1:3 — suitable for a short-term swing strategy.
🧩 Reasons for Entering a Short Trade
Price below MAs, showing bearish momentum.
Strong resistance zone at 110,890 – 111,023 with multiple rejections.
Falling volume during the pullback, indicating weak demand.
Bearish candle structure: Sellers are currently in control.
Good R:R ratio, with profit potential down to 109,400.
⚠️ Warning
If the price closes above 111,023 with strong volume, this setup becomes invalid.
Watch for price action during the U.S. session — it’s key to the next major move
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.
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.