$BTC /USDT Market Analysis (30-Minute Timeframe)
Disclaimer: This is not an invitation to buy or sell any asset. Please do your own research (DYOR).
1. Main Trend:
- The price is moving below EMA 34, EMA 89, and EMA 200, indicating an overall bearish trend.
- Nearest support: $91,200 (previous low).
- Nearest resistance: $93,500 (retest area near EMA 34).
2. Stoch RSI Indicator:
- Stoch RSI is in the oversold area (<20), indicating potential short-term rebound.
3. Price Pattern:
- A "V-shape" pattern near the $92,200 support shows buying reactions after selling pressure.
Scalping Trading Plan (30M)
1. Long Position (Buy):
- Entry Point: $91,800 (near previous support).
- Stop Loss: $91,200.
- Take Profit: $93,000.
- Risk/Reward Ratio: 1:2.
2. Short Position (Sell):
- Entry Point: $93,500 (near EMA 34 resistance).
- Stop Loss: $94,000.
- Take Profit: $92,500.
- Risk/Reward Ratio: 1:2.
Alternative Scenarios:
- If Breakout: If the price breaks above the $93,500 resistance, it could rise to $94,800 (near EMA 89).
- If Breakdown: If the price drops below $91,200, it could fall to $90,200 (next strong support).
Note:
Use low leverage if your capital is below $100 to manage risk. Always be disciplined in setting stop-losses and monitor volume to confirm signals.
#BTCMove #AltcoinBoom