Market Overview
Timeframe: 45 Minutes
Current Price: Around 64,160
Indicator: Supertrend (10, HL2, 3)
Trend: Bullish, as the Supertrend remains below the price.
Key Resistance
The marked red zone between 64,540 and 64,990 is a strong resistance area. If the price fails to break above this zone, selling pressure may increase.
Key Support
Immediate Support: 64,000–64,100
Major Support: 63,570 (Supertrend)
Next Support: 63,380
Trade Setup
The chart suggests a sell opportunity if the price is rejected from the resistance zone.
Entry: Around 64,200–64,350
Stop Loss: Above 64,990
Target: Around 63,380
Why This Trade?
Price is approaching a key resistance area.
The resistance has the potential to trigger profit booking.
A bearish rejection could push the price back towards the nearest support.
What Confirms the Sell?
Look for one or more of the following:
A bearish rejection candle near resistance.
Lower highs forming on the 45-minute chart.
Increased selling volume.
Price closing below the recent swing low.
When Does This View Become Invalid?
If BTC closes convincingly above 64,990, the bearish setup is invalid. In that case, buyers could push the price towards 65,200–65,500.
Timeframe: 45 Minutes
Current Price: Around 64,160
Indicator: Supertrend (10, HL2, 3)
Trend: Bullish, as the Supertrend remains below the price.
Key Resistance
The marked red zone between 64,540 and 64,990 is a strong resistance area. If the price fails to break above this zone, selling pressure may increase.
Key Support
Immediate Support: 64,000–64,100
Major Support: 63,570 (Supertrend)
Next Support: 63,380
Trade Setup
The chart suggests a sell opportunity if the price is rejected from the resistance zone.
Entry: Around 64,200–64,350
Stop Loss: Above 64,990
Target: Around 63,380
Why This Trade?
Price is approaching a key resistance area.
The resistance has the potential to trigger profit booking.
A bearish rejection could push the price back towards the nearest support.
What Confirms the Sell?
Look for one or more of the following:
A bearish rejection candle near resistance.
Lower highs forming on the 45-minute chart.
Increased selling volume.
Price closing below the recent swing low.
When Does This View Become Invalid?
If BTC closes convincingly above 64,990, the bearish setup is invalid. In that case, buyers could push the price towards 65,200–65,500.
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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.
join my telegram channel free:
t.me/rajisnijpan_giajo
t.me/rajisnijpan_giajo
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.