๐ Chart Overview (15-Min TF on Binance Futures)
Current Price: ~104864 USDT
Indicators Used:
MA 7 (green) โ 104851.09
MA 25 (purple) โ 104144.91
MA 99 (blue) โ 106063.12
Market recently bounced after a strong dip ๐
Price was rejected from around 109000, followed by a sharp correction.
๐งฑ Support & Resistance (S&R) Levels
Level Type
Price (USDT)
Reason
๐ผ Resistance
109000โ109500
Previous swing high rejection zone
๐ผ Resistance
106500โ107000
Mid-term resistance & MA99 area
๐ฝ Support
104000โ104300
Recent bounce level, local support
๐ฝ Support
102500
Historical micro-support
โ ๏ธ Key Support
100000
Psychological level
๐ฏ Trade Setup Idea
โก๏ธ Long Setup (Bounce Play)
Entry: Around 104500โ104600 โ
Stop Loss (SL): Below 104000 (e.g., 103800) โ
Take Profit 1 (TP1): 106500 ๐ฐ
Take Profit 2 (TP2): 108800 ๐ฏ
Reason:
Price bounced strongly off local support at 104000.
MA7 crossing above MA25 suggests momentum turning short-term bullish ๐
Strong wick down = buyer defense ๐ก๏ธ
๐งจ Short Setup (If resistance hits)
Entry: Near 106800โ107200 โ
Stop Loss (SL): 107600 or higher โ
Take Profit 1 (TP1): 105000 ๐ต
Take Profit 2 (TP2): 104200 ๐งฒ
Reason:
Strong supply zone at 107000+
Near MA99 and historical resistance
Short-term overbought after recovery rally ๐ค
๐ง Other Observations
Trend Bias: Mixed โ short-term bounce in a mid-term downtrend ๐
Best Strategy Now: Scalping or short-term plays due to range-bound nature โ๏ธ
Risk Warning: A break below 103800 can flush price toward 102000 zone ๐จ
โฑ Suggested Risk Management
Risk:Reward Ratio: 1:2 minimum โ๏ธ
Position Size: Small if volatility increases ๐งจ
๐งญ Summary
Strategy
Entry
TP
SL
Confidence
Long
104500
106500/108800
103800
โ
MediumโHigh
Short
106800
105000/104200
107600
โ
Medium