$BTC / #Bitcoin | 1H Trade Setup Update 🟢 Long Position: - Entry: 53,790 - Stop Loss: 53,351
1 month ago
1
$BTC / #Bitcoin | 1H Trade Setup Update
🟢 Long Position:
- Entry: 53,790
- Stop Loss: 53,351
- Take Profit: 55,004
● Current Status: BTC has rejected off the Value Area Low (VAL) of the range.
● Technical Indicators: Bearish Divergence: Indicating potential downward movement. Falling Money Flow: Suggesting decreasing buying interest. Falling Momentum: Indicating weakening trend. Falling Stochastic RSI: Suggesting further downside potential.
● Outlook: Traders should exercise caution and monitor for continued bearish signals. The rejection off the VAL, combined with falling momentum, money flow, and stochastic RSI, indicates a likely downward trend. Watch for further confirmation of bearish movement before making trading decisions.
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