Login / Join

Technical analysis by BALE_FX about Symbol BTC: Sell recommendation (5/28/2025)

https://sahmeto.com/message/3560674
BALE_FX
BALE_FX
Rank: 7457
1.6
Sell،Technical،BALE_FX

SELL BTCUSD for bullish false breakout STOP LOSS : STOP LOSS position is left opened ( am only closing this trade based on a candle stick pattern)Trade trade is based on false breakout and divergence..... First what is false breakout, A false breakout in Forex occurs when the price breaks through a key level (like support or resistance) but quickly reverses and returns to its original range, often trapping traders who were expecting a continuation of the breakout. It's essentially a false signal, indicating a potential trend reversal or continuation, but the price doesn't follow through....Secondly what is divergence ,In forex trading, divergence occurs when the price of a currency pair moves in one direction, while a technical indicator (like an oscillator) moves in the opposite direction. This mismatch can signal a potential trend reversal or weakening trend. There are two main types: bullish and bearish divergence. On this trade we are taking it because we saw regular bearish divergence Regular Bearish DivergenceIn case of Regular Bearish Divergence:* The Indicator shows Lower Highs* Actual Market Price shows Higher HighsWe can see a strong divergence on the RSI already and There is a strong trend reversal on the daily time frame chart.....The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything

Translated from: English
Show Original Message
Signal Type: Sell
Time Frame:
1 week
Price at Publish Time:
$108,867.08
Share
Signals
Top Traders
Feed
Alerts