🔲 Chart Zones
🟥 Resistance Zone (~111,000–112,000):
Price has touched this zone multiple times and failed to break higher – this is a strong resistance area. 🚫📈
🟪 Support Zone (~101,000–102,000):
A historically strong demand area where price previously bounced up. 💪📉
🔍 Current Price Behavior
📊 Price Level: Around 108,666.66
🔄 The chart shows lower highs forming, indicating weakening bullish momentum.
📉 Bearish projection drawn (blue zigzag line) suggests a potential double top forming below resistance.
📉 What’s Expected?
🔵 Big Drop Alert! ⬇️
If the price fails to break above and gets rejected again, the chart predicts a sharp move down toward the support zone.
🎯 Target Area: ~101,000–102,000 (Support zone)
📌 Summary
🧱 Resistance holding strong
💤 Momentum slowing down
⚠️ Bearish move likely
🏹 Targeting support zone for potential bounce
⚠️ Trading Tip 🧠
Watch for confirmation before entering trades! A break below the recent lows could trigger a short opportunity, while a bounce near support could offer a buy setup. 🛑📈
🟥 Resistance Zone (~111,000–112,000):
Price has touched this zone multiple times and failed to break higher – this is a strong resistance area. 🚫📈
🟪 Support Zone (~101,000–102,000):
A historically strong demand area where price previously bounced up. 💪📉
🔍 Current Price Behavior
📊 Price Level: Around 108,666.66
🔄 The chart shows lower highs forming, indicating weakening bullish momentum.
📉 Bearish projection drawn (blue zigzag line) suggests a potential double top forming below resistance.
📉 What’s Expected?
🔵 Big Drop Alert! ⬇️
If the price fails to break above and gets rejected again, the chart predicts a sharp move down toward the support zone.
🎯 Target Area: ~101,000–102,000 (Support zone)
📌 Summary
🧱 Resistance holding strong
💤 Momentum slowing down
⚠️ Bearish move likely
🏹 Targeting support zone for potential bounce
⚠️ Trading Tip 🧠
Watch for confirmation before entering trades! A break below the recent lows could trigger a short opportunity, while a bounce near support could offer a buy setup. 🛑📈
Trade active
Target Active 500+ pips RunningPrice action is currently unfolding in alignment with our technical outlook. The structure is holding well within the identified resistance and support zones, indicating that momentum is working in our favor.
As we approach this critical support area, it's important to remain focused and responsive. This is a key zone to monitor closely for potential breakout or reversal opportunities.
🔔 Stay disciplined, manage risk, and be ready to act.
Trade closed: target reached
target complete 700 pips booked Resistance Zone (~111,000 – 112,500 USDT):
Marked clearly in purple. Price previously rejected from this area multiple times.
Support Zone (~101,500 – 103,500 USDT):
A well-defined demand zone, also in purple, where price has bounced recently.
Price Action:
Bearish Impulse Move:
A sharp drop from the resistance zone to the support zone, shown with a blue arrow and shark/bat pattern visual.
Bullish Reaction:
After touching the support zone, the price shows signs of a reversal or short-term bullish correction.
Possible Interpretation:
The market found strong buying interest at the support zone, triggering a bounce.
If momentum continues, the next key level to watch would be around 106,500–108,000 USDT, which could act as a short-term resistance.
A deeper retracement could aim back toward the resistance zone, but failure to break above 106,000 may lead to consolidation or renewed downside.
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.