BTCUSDT.P / H1 / LONG
2024-11-18

BTCUSDT may rise from the Bullish Order Block 

Bullish Order Block :-  89,190 and 87,824 

BTCUSDT is currently reacting to a bullish order block between 89,190 and 87,824 on the 1-hour timeframe. Using Smart Money Concepts (SMC), this zone has been identified as a key demand area where institutional traders are likely to place buy orders. The price recently tapped into this level, showing early signs of rejection and potential upward movement. This setup aligns with institutional strategies, making it a high-probability zone for a bullish reversal.

The reaction from this order block is supported by key confluences, including a liquidity grab below a previous low and a bullish market structure. If the price sustains its momentum, we may see a strong upside move from this zone. As always, monitoring for confirmation through candlestick patterns or volume spikes is essential. Let’s see how this plays out, with a high likelihood of ending in profits!

BTCUSDT.P / H1 / LONG
LEVERAGE :- 125X
Entry Price :- 89170
Take Profit :- 92864
Stop Loss   :- 85934