Based on the 4-hour chart of BTC/USDT
๐ Technical Overview:
Current Price: ~$108,400
Bollinger Bands (BB 20 SMA):
Price just bounced up from the lower band, indicating a possible short-term reversal or bounce.
Middle Band (SMA 20): Acting as resistance, currently around 108,800 โ 109,000.
Upper Band: Near 111,500 โ 112,000 area (potential TP zone).
Previous strong rejection zone visible around 109,233.7, which is a clear resistance.
โ Suggested Trade Setup (Short-term Swing / Scalping):
๐ฉ Entry (Buy):
Around 108,200 โ 108,400
(current price zone, after bounce from lower Bollinger Band)
๐ก๏ธ
๐ Technical Overview:
Current Price: ~$108,400
Bollinger Bands (BB 20 SMA):
Price just bounced up from the lower band, indicating a possible short-term reversal or bounce.
Middle Band (SMA 20): Acting as resistance, currently around 108,800 โ 109,000.
Upper Band: Near 111,500 โ 112,000 area (potential TP zone).
Previous strong rejection zone visible around 109,233.7, which is a clear resistance.
โ Suggested Trade Setup (Short-term Swing / Scalping):
๐ฉ Entry (Buy):
Around 108,200 โ 108,400
(current price zone, after bounce from lower Bollinger Band)
๐ก๏ธ