Price is once again testing a major support zone ($292–$297), where it is also forming a double bottom pattern — a strong technical reversal signal. This confluence of structure and pattern typically suggests that bulls may soon regain control, setting the stage for a potential move higher.
💡 Trade Idea: Long Spot Entry
Entry Zone: $292–$297
Take Profit Levels:
TP1: $345–$365
TP2: $395–$420
Stop Loss: Just below $285
💡 Trade Idea: Long Spot Entry
Entry Zone: $292–$297
Take Profit Levels:
TP1: $345–$365
TP2: $395–$420
Stop Loss: Just below $285
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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.