BTCUSDT.P is may come to downsides now!
BTCUSDT.P is may come to downsides now!
BTCUSDT is continuing its downtrend, respecting the resistance and support levels formed by trend lines. The market structure shows lower highs and lower lows, signaling bearish momentum.
Key levels:
Resistance: Confirmed by the trend line, providing strong rejection points, ideal for short entries.
Support: Marked along the lower trend line, which could serve as potential profit-taking zones.
With the downtrend intact, this is an ideal moment to open a short position, targeting support levels while keeping an eye on resistance for stop loss placement.
Entry point :- 61790
Take Profit :- 54950
Stop loss :- 67572
BTCUSDT is continuing its downtrend, respecting the resistance and support levels formed by trend lines. The market structure shows lower highs and lower lows, signaling bearish momentum.
Key levels:
Resistance: Confirmed by the trend line, providing strong rejection points, ideal for short entries.
Support: Marked along the lower trend line, which could serve as potential profit-taking zones.
With the downtrend intact, this is an ideal moment to open a short position, targeting support levels while keeping an eye on resistance for stop loss placement.
Entry point :- 61790
Take Profit :- 54950
Stop loss :- 67572
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