$BTC /USDT 🔴 SHORT
BTC just slipped below 62,900, and while the 15m chart looks oversold, the bigger 4H picture is still pointing lower.
Trade Plan
* Entry: 62,826 – 62,881
* SL: 63,403
* TP1: 62,442
* TP2: 62,167
* TP3: 61,756
Why this setup?
The daily trend is bearish, and the 4H short signal is showing around 90% confidence. That gives this setup a strong trend-following bias.
The 15m RSI is already down at 33.29, so a short-term bounce is possible. But when momentum is strongly bearish, oversold conditions can sometimes persist.
The key area is the 62,826–62,881 entry zone. If sellers stay in control, the first target is 62,442, followed by 62,167 and potentially 61,756.
Risk is clearly defined with the stop around 63,403.
The big question: Does BTC continue toward 62,167, or do we get a fakeout bounce toward 63,400 first? 👀
👇 Click here to trade
#BTC #TRAD #CRYPTO
BTC just slipped below 62,900, and while the 15m chart looks oversold, the bigger 4H picture is still pointing lower.
Trade Plan
* Entry: 62,826 – 62,881
* SL: 63,403
* TP1: 62,442
* TP2: 62,167
* TP3: 61,756
Why this setup?
The daily trend is bearish, and the 4H short signal is showing around 90% confidence. That gives this setup a strong trend-following bias.
The 15m RSI is already down at 33.29, so a short-term bounce is possible. But when momentum is strongly bearish, oversold conditions can sometimes persist.
The key area is the 62,826–62,881 entry zone. If sellers stay in control, the first target is 62,442, followed by 62,167 and potentially 61,756.
Risk is clearly defined with the stop around 63,403.
The big question: Does BTC continue toward 62,167, or do we get a fakeout bounce toward 63,400 first? 👀
👇 Click here to trade
#BTC #TRAD #CRYPTO