miljedtothemoon
@t_miljedtothemoon
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Price has been consolidating above key support around 8.25 and recently confirmed a breakout with higher lows forming. Entry is set at 8.547, looking for continuation towards the next resistance zone. Entry: 8.547 Partial Take Profit: 8.990 → Move SL to Breakeven Final Take Profit: 9.239 Stop Loss: 8.201 This setup carries medium risk but has a high probability of playing out, supported by clean structure, breakout momentum, and strong support retest. Managing risk with a partial TP and shifting SL to breakeven ensures protection if momentum weakens. This is not financial advice. Trading involves risk, and you should always do your own research before making any investment decisions. Manage your risk properly and never trade with money you cannot afford to lose.
Key Levels Resistance: The most immediate resistance is around $113,557, a level the price has failed to break above several times recently. A decisive break above this level could signal a potential move to the next resistance zone around $115,572. Beyond that, the long-term resistance and previous high is at $122,390. Support: The key support level is the horizontal line at $107,550 and the ascending trendline. This is a crucial area; a break and close below this could indicate a significant bearish continuation, with the next major support level being a previous low around $103,257. Potential Scenarios Bullish Scenario: For a bullish reversal to be confirmed, the price would need to break above the immediate resistance at $113,557 and hold it as new support. This would invalidate the current bearish pattern and suggest a potential move toward the higher resistance levels. Bearish Scenario: The path of least resistance appears to be to the downside. If the price fails to break the resistance at $113,557 and instead breaks below the ascending channel and the key support at $109,568, a more significant drop toward $108,555 would be the likely outcome.
btc TA daily updated dsaily etng long short the daily bias is 150000 th eshort bias is 15000 wow wow wow support resistance
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