cryptonewsclaves

.📊 Is it a real breakout or a bull trap? Support and resistance analysis The price of Bitcoin ($BTC) is in a high volatility zone, consolidating just below a key psychological resistance. Trading volume is decreasing, which often precedes a strong move in the market. 1. Bullish Scenario Condition: Daily candlestick close above the current resistance with ascending volume. Target: If the breakout is confirmed, the price will seek the next major liquidity zone at the previous highs. 2. Bearish Scenario Condition: Rejection at the current resistance and loss of short-term support. Target: We might see a correction towards the 50-period moving average (MA 50) to test the strength of the buyers. My strategy: I don’t trade in the middle of the range. I prefer to wait for the confirmation of the breakout or look for long entries if the price hits the main support with oversold signals on the RSI. 👇 What indicator are you using today to confirm your entries? Do you think we break upwards this week or is a correction coming? Leave your chart or comment below! #Bitcoin #TechnicalAnalysis #trading #RSI #CryptoNewsClaves optimization for Binance Square: Insert an image: Posts with TradingView screenshots (showing supports, resistances, or indicators) receive up to 3 times more interactions. Link the coin: Make sure to use the correct "cashtags" like $BTC or $ETH. By clicking on them, users go straight to the trading screen, which generates you commissions.