๐ BTCUSDT 4H Market Update
โข Trend: Bearish
โข SMA (20): 77353.255
โข Support: 75560
โข Resistance: 79570.9
โข Current Price: 76484.3
๐ Strategy:
Price is trading below the 20 SMA and within the discount zone, favoring a long setup from a liquidity grab perspective. The bearish trend suggests we wait for a sweep of the 75560 support or a bullish divergence before entering. With entry at 76484.3, stop loss above the 4H swing high at 78778.829, and take profit at 73042.5065, the risk/reward is 1:1.5. Institutional players often accumulate in this zone, so watch for a reversal confirmation before committing.
๐ Don't forget to follow for more updates! & Your Future Eye
โ ๏ธ Not financial advice - always DYOR.
Click Here To Trade ๐
โข Trend: Bearish
โข SMA (20): 77353.255
โข Support: 75560
โข Resistance: 79570.9
โข Current Price: 76484.3
๐ Strategy:
Price is trading below the 20 SMA and within the discount zone, favoring a long setup from a liquidity grab perspective. The bearish trend suggests we wait for a sweep of the 75560 support or a bullish divergence before entering. With entry at 76484.3, stop loss above the 4H swing high at 78778.829, and take profit at 73042.5065, the risk/reward is 1:1.5. Institutional players often accumulate in this zone, so watch for a reversal confirmation before committing.
๐ Don't forget to follow for more updates! & Your Future Eye
โ ๏ธ Not financial advice - always DYOR.
Click Here To Trade ๐