Drweb3
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BTC/USDT


Trend Analysis:

Current Trend: Strong uptrend.

Evidence:

Clear higher highs and higher lows.

A powerful bullish breakout from the previous CHoCH (Change of Character).

Currently in a consolidation zone just below a marked resistance area (~94,000 - 96,000), suggesting potential distribution or a bullish continuation.
Key Levels:

Resistance Zone (Supply): 94,000 – 96,000 (as highlighted in red).

Support Zone (Demand): 92,500 – 92,700 (current minor support).

Major Support Zone: Around 83,000 – 84,500 (previous consolidation & CHoCH area).
Trade Setup Ideas:

Scenario 1: Breakout Trade

Entry: Above 94,200 (confirmed breakout above resistance).

Stop Loss (SL): Below 93,000 (current structure low).

Take Profit (TP):

TP1: 96,000 (top of the resistance box).

TP2: 98,000+

Scenario 2: Pullback Buy

Entry: Near 92,700 support or wick below it.

SL: Below 92,200 (safe buffer under demand).

TP:

TP1: 94,000

TP2: 95,500+

Scenario 3: Short at Rejection

Only if strong bearish candle forms at the top resistance zone.

Entry: Near 95,000 (if price fails to break above).

SL: Above 96,000.

TP: 92,700 or 90,000 (mid-range).
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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Szerovip
· 04-24 04:21
HODL Tight 💪
Reply0
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