Support zone (buy area)
✅ 62,139 – 63,273
Stop-loss
❌ 61,974 – 62,060
Targets
🎯 70,910 – 70,997
🎯 Extended target: 71,054
Simple idea (what this setup means)
This is a bullish bounce setup:
Price came down into a strong support + channel support area.
If price holds above the support zone, the plan is for a move back up toward the 70k – 71k area.
Bias
👉 Bullish while price stays above ~62,000
Important note (risk)
If a 2H candle closes clearly below 61,974,
this setup becomes invalid and the bullish idea is weak.
Short summary
Trend: 📈 Up (channel)
Zone to watch: 62.1k – 63.2k
Target: ~71k
Invalidation: below ~62k
✅ 62,139 – 63,273
Stop-loss
❌ 61,974 – 62,060
Targets
🎯 70,910 – 70,997
🎯 Extended target: 71,054
Simple idea (what this setup means)
This is a bullish bounce setup:
Price came down into a strong support + channel support area.
If price holds above the support zone, the plan is for a move back up toward the 70k – 71k area.
Bias
👉 Bullish while price stays above ~62,000
Important note (risk)
If a 2H candle closes clearly below 61,974,
this setup becomes invalid and the bullish idea is weak.
Short summary
Trend: 📈 Up (channel)
Zone to watch: 62.1k – 63.2k
Target: ~71k
Invalidation: below ~62k
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.
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.