Trading Plan Short $BTC
$BTC broke below the daily range low after a weak bounce.
Entry: $58547-$59747
Stoploss: $62000
Targets: $57000 / $53500 / $48500
BTC flushed hard from 61.9k yesterday. Price sits below the 1H lower BB, indicating oversold. Retail longs are stacked 2.2:1, ripe for a squeeze. OI added 3% on this dip, shorts piling in. A retest of 60.8k is a gift. Reclaim 62k, short voided.
Trade $BTC here 👇
$BTC broke below the daily range low after a weak bounce.
Entry: $58547-$59747
Stoploss: $62000
Targets: $57000 / $53500 / $48500
BTC flushed hard from 61.9k yesterday. Price sits below the 1H lower BB, indicating oversold. Retail longs are stacked 2.2:1, ripe for a squeeze. OI added 3% on this dip, shorts piling in. A retest of 60.8k is a gift. Reclaim 62k, short voided.
Trade $BTC here 👇