• Two Local support areas 102800$-102000$ & 101300$-100500$ where if i get proper bullish confirmations then with SL I will open small size long position✅
Reasons :
• right now on LTF's price look in oversold zone area also $BTC Price reaching now it's local 1D, 4h support.
• on coinglass we are seing now massive upper side liquidation.
• But still i will recommend only small size long position bcz HTF's 1W, 1M Giving us now bearish vibes... Also we have monthly and weekly closing+ current short term fundamentals and sentiment also look bearish.
• Let's see what happened🫡.
Warning : That's just my idea and trade plan... If market meets my trading strategy then i will take risk otherwise i will ignore it... So DYOR Before taking action🚨🚨
• Right Now Technically $BTC Overall Structure look Bearish... There is a chance we see more corrections...
• Local Support area near me is 95000$ & major support area is 92000$ where we can expect bounce back🫡
• Right now i am avoiding market ( Reason : Low volume because of weekend... So manipulative moves expected)
• But still if you want build trade then i think building small size future short trade will be a good option... If we get few more rejection in comming hour's on LTF's🫡
Warning : That's just my analysis DYOR Before taking any action🚨
•From Last 6 days we are seing now massive selling in $BABY Coin Price ( Reason Bitcoin Unstaking from Babylon protocol) but now selling pressure is almost over so potential bounce back expected in it's price🫡
• Right Now it liquidation zone area is 0.0067$ ( also consider it as a local support)
• Strong support near me is 0.0055$.
• but heavy buying & trade without SL Is not recommended ( reason : team not look serious about their project)
Warning : That's just my analysis DYOR Before taking any action🚨🚨
•Right Now Technically its overall structure look bearish... But if it's price grab downword liquidity & SL's & then show potential... Then i will try to build quick long scalp on it with tight SL🚨
Warning : That's just my idea if i take trade i will update.. DYOR🚨
•Right Now Technically & Fundamentally $BTC Overall Structure Look Bearish.
• But at 80k$-78k$ we have massive liquidations.. Also we have local support area.. So if price drop under this range and show any potential then i will try to build long position on it with tight SL🚨
Warning : That's just analysis DYOR Before taking any action🚨
• Right Now technically and fundamentally $BTC Overall structure is bullish🫡
• Currently #BTC Trying to break 87k$ resistance... If its mange to break it then next stop will be around 90k$-92k$ area where may i plan my future short trade on it.
• Right volume is low in #BTC .. So if $BTC Break 87k$ resistance and successfully retest it then still i am not going to build any long position on it.
Warning : That's just my analysis DYOR Before taking any action🚨
• On Lower TF's Price look in Overbought zone... So if Price get rejected from mentioned resistance areas on a chart then quick short Scalp possible with tight SL🚨
Warning : That's just my idea if it works then i will take trade.. In case if you are going to build trade on it then make sure do proper research & also must get confirmation on LTF's🚨🚨