Mukhtiar 11
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#REVABinanceTGE In your chart, BTCUSDT has made a good recovery above 120,165 and is currently trading at 120,488, but the last candle is starting to turn red (bearish), which shows a slight rejection.
Short-term analysis (2–5 minutes):
The price moving averages (yellow and pink lines) are in an uptrend, meaning the momentum is up.
But the rejection that just came from above indicates that there is resistance near 120,500.
If this resistance is broken, it could go higher, otherwise there could be a slight pullback.
Summary:
Break 120,500 → Possible up
No break → Possible dip to 120,400–120,350
Would you like me to give you the support and resistance levels for the next 5 minutes?
Short-term analysis (2–5 minutes):
The price moving averages (yellow and pink lines) are in an uptrend, meaning the momentum is up.
But the rejection that just came from above indicates that there is resistance near 120,500.
If this resistance is broken, it could go higher, otherwise there could be a slight pullback.
Summary:
Break 120,500 → Possible up
No break → Possible dip to 120,400–120,350
Would you like me to give you the support and resistance levels for the next 5 minutes?
See original
In your chart, BTCUSDT has made a good recovery above 120,165 and is currently trading at 120,488, but the last candle is red (bearish), which is showing a slight rejection.
Short Term Analysis (2–5 minutes):
Price moving averages (yellow and pink lines) are in an uptrend, meaning momentum is upward.
However, the rejection that has just come from above indicates that there is resistance near 120,500.
If this resistance breaks, it can go further up; otherwise, a slight pullback may occur.
Summary:
120,500 break → can go up
No break → possibility of a dip to 120,400–120,350
Would you like me to provide the next 5-minute support and resistance levels for this?
Short Term Analysis (2–5 minutes):
Price moving averages (yellow and pink lines) are in an uptrend, meaning momentum is upward.
However, the rejection that has just come from above indicates that there is resistance near 120,500.
If this resistance breaks, it can go further up; otherwise, a slight pullback may occur.
Summary:
120,500 break → can go up
No break → possibility of a dip to 120,400–120,350
Would you like me to provide the next 5-minute support and resistance levels for this?
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