#USTelecomStocksFallPreMarket
#Binance $BTC – Short Setup (5M)
Entry: 64,145.92
Stop Loss: 64,280.83 (~135 pts)
Take Profit: 63,779.28 (~367 pts)
Risk:Reward: 1:2.7
Analysis:
Price failed to break the previous high, creating a lower high, which signals weakening bullish momentum.
Multiple rejections around 64,250–64,300 confirmed a strong resistance zone.
The entry was taken on a pullback into resistance, offering a better risk-to-reward instead of chasing the downside.
Sellers remained in control as every bullish push was met with immediate selling pressure.
Stop loss was placed above the recent swing high, where the bearish idea becomes invalid.
Take profit was set near the next key support, making it a realistic target based on market structure.
#Binance $BTC – Short Setup (5M)
Entry: 64,145.92
Stop Loss: 64,280.83 (~135 pts)
Take Profit: 63,779.28 (~367 pts)
Risk:Reward: 1:2.7
Analysis:
Price failed to break the previous high, creating a lower high, which signals weakening bullish momentum.
Multiple rejections around 64,250–64,300 confirmed a strong resistance zone.
The entry was taken on a pullback into resistance, offering a better risk-to-reward instead of chasing the downside.
Sellers remained in control as every bullish push was met with immediate selling pressure.
Stop loss was placed above the recent swing high, where the bearish idea becomes invalid.
Take profit was set near the next key support, making it a realistic target based on market structure.
