The price is in an uptrend, making higher highs and higher lows.
A potential reversal zone is identified around $3,110, marked as a possible sell entry.
The chart suggests that after reaching $3,110, the price may decline towards the support zone at $3,010 - $2,999.
Confirmation of the sell trade can be considered if price action forms a bearish structure around resistance.
Key support levels are at $3,010, $2,999, and $2,981, which could act as potential take profit targets for short positions.
Trading Strategy:
Sell Entry: Around $3,110, if resistance holds.
Target: $3,010 - $2,999 zone.
Stop Loss: Above $3,120 to manage risk.
This idea follows technical price action, making it crucial to watch for confirmation signals before executing a trade. 🚀📉
A potential reversal zone is identified around $3,110, marked as a possible sell entry.
The chart suggests that after reaching $3,110, the price may decline towards the support zone at $3,010 - $2,999.
Confirmation of the sell trade can be considered if price action forms a bearish structure around resistance.
Key support levels are at $3,010, $2,999, and $2,981, which could act as potential take profit targets for short positions.
Trading Strategy:
Sell Entry: Around $3,110, if resistance holds.
Target: $3,010 - $2,999 zone.
Stop Loss: Above $3,120 to manage risk.
This idea follows technical price action, making it crucial to watch for confirmation signals before executing a trade. 🚀📉
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.