BTC Target Hit! New BTC Selling Trade is Active Be Alert
Great to see that your BTC trade hit the target! Now that it's time to take advantage of the live selling opportunity, let's assess the chart:
Current price: $63,281.41
The nearest resistance: around $63,400
There’s a stop loss level of $62,289.45, and you could aim for a new lower target around $62,800 if the selling pressure continues.
It seems the price is consolidating near resistance, so a reversal might occur. You can consider entering a short position now if the price shows signs of rejection near this resistance level.
What’s your plan for the next move on this setup?
Current price: $63,281.41
The nearest resistance: around $63,400
There’s a stop loss level of $62,289.45, and you could aim for a new lower target around $62,800 if the selling pressure continues.
It seems the price is consolidating near resistance, so a reversal might occur. You can consider entering a short position now if the price shows signs of rejection near this resistance level.
What’s your plan for the next move on this setup?
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.