SmellyTaz

SmellyTaz

🧩 Setup Overview : Price recently broke below a well-respected ascending trendline It’s now approaching that same trendline from underneath The area also aligns with a prior resistance zone and potential lower high If price retests this zone and shows clear rejection, I’ll consider a short entry 🎯 Trade Plan (If Triggered) : Short on...

SmellyTaz

In this 4-hour chart analysis of XRPUSDT, I’m focusing on a clear and well-defined untested demand zone between 2.05–2.13 USDT . Unlike the first demand zone (already tested and played out), this second zone has not been retested since its formation, making it a fresh area of interest for a potential long setup. Why this matters : Untested demand zones often...

SmellyTaz

After a clean shift in structure marked by a CHoCH and subsequent BOS, price retraced into a clear supply zone—offering a high-probability short setup. Here's how the setup unfolded: 🧠 Trade Rationale Break of Structure (BOS): Price broke below a key higher low, confirming a bearish structure. Change of Character (CHoCH): Signaled the end of bullish momentum...

SmellyTaz

Bitcoin is approaching a key inflection zone where the Daily Downtrend Resistance and the Monthly Uptrend Support intersect. This confluence could be setting the stage for a major breakout or breakdown, and the next move could define BTC’s medium-term trend. 🧠 Key Levels to Watch: Daily Downtrend Resistance (Red) – Price is testing this descending trendline...