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BTC/USDT
Break of Structure (BOS) has been marked, suggesting a potential reversal or continuation of the trend.
A bearish Fair Value Gap (FVG) is present, indicating resistance in the current price movement.
Support & Resistance:
Resistance Zone: Around 87,000 - 88,000 USDT, where price previously rejected.
Support Zone: Around 81,000 - 82,000 USDT, where price found demand.
Take Profit (TP) & Stop Loss (SL) Levels:
1. If Shorting (Bearish Trade):
Entry: Around 83,000 - 84,000 USDT (near bearish FVG)
Take Profit (TP): 81,000 USDT (next swing low level)
Stop Loss (SL): 85,000 USDT (above recent swing high)
2. If Going Long (Bullish Trade):
Entry: Around 82,000 USDT (if price rejects support)
Take Profit (TP): 85,000 - 86,000 USDT (previous swing high)
Stop Loss (SL): 80,500 USDT (below swing low)