$BTC USDT — SELL/SHORT Setup 📉
Current: ~$72,722
Bias: ⚠️ Short on rejection
RSI: 83.31 → extremely overbought
Entry zone: $72,700–$73,000 only if price rejects this area
TP1: $72,200
TP2: $71,500
TP3: $70,600
Stop loss: $73,350
Confirmation before entering
Look for:
1H candle rejection around $73K
Failure to hold above $72,700
Bearish reversal candle
Falling volume/buying momentum
RSI turning down from overbought
Invalidation: A strong 1H close and hold above $73,000–$73,350.
Risk: 🔴 High — this is a counter-trend short. Don't short simply because RSI is overbought; wait for the rejection confirmation.
Current: ~$72,722
Bias: ⚠️ Short on rejection
RSI: 83.31 → extremely overbought
Entry zone: $72,700–$73,000 only if price rejects this area
TP1: $72,200
TP2: $71,500
TP3: $70,600
Stop loss: $73,350
Confirmation before entering
Look for:
1H candle rejection around $73K
Failure to hold above $72,700
Bearish reversal candle
Falling volume/buying momentum
RSI turning down from overbought
Invalidation: A strong 1H close and hold above $73,000–$73,350.
Risk: 🔴 High — this is a counter-trend short. Don't short simply because RSI is overbought; wait for the rejection confirmation.