The post-unlock dump is finally here for $BTR? 👀🩸
Exactly 24 hours after the massive 1.92% token unlock yesterday, the selling pressure is finally kicking in. If you look at the 1H chart, BTR just broke and closed below the MA 20 support line. This is a huge deal because that line has been holding this entire crazy rally together.
This break of structure is a classic sign of a bearish reversal. The early investors who got their bags unlocked yesterday are likely starting to distribute and take profits on the retail FOMO.
If you are looking to play the downside, here is a low-risk setup for us. As always, keep your size small and DCA your entries.
📉 Trade Setup: SHORT
Entry Area: 0.1560 - 0.1590 (Scale in / DCA if it bounces a bit to retest the broken MA 20)
TP 1: 0.1370 (Major support at 1H MA 50)
TP 2: 0.1340 (SuperTrend line)
Stop Loss (SL): 0.1660 (If it reclaims the local highs, the reversal is invalid. Cut it fast).
Don't catch falling knives and never go all-in. Protect your capital first! 🦥🛡️
#BTR #BTRUSDT #TokenUnlock
#CryptoAnalysis #BinanceSquare
$BTR
Exactly 24 hours after the massive 1.92% token unlock yesterday, the selling pressure is finally kicking in. If you look at the 1H chart, BTR just broke and closed below the MA 20 support line. This is a huge deal because that line has been holding this entire crazy rally together.
This break of structure is a classic sign of a bearish reversal. The early investors who got their bags unlocked yesterday are likely starting to distribute and take profits on the retail FOMO.
If you are looking to play the downside, here is a low-risk setup for us. As always, keep your size small and DCA your entries.
📉 Trade Setup: SHORT
Entry Area: 0.1560 - 0.1590 (Scale in / DCA if it bounces a bit to retest the broken MA 20)
TP 1: 0.1370 (Major support at 1H MA 50)
TP 2: 0.1340 (SuperTrend line)
Stop Loss (SL): 0.1660 (If it reclaims the local highs, the reversal is invalid. Cut it fast).
Don't catch falling knives and never go all-in. Protect your capital first! 🦥🛡️
#BTR #BTRUSDT #TokenUnlock
#CryptoAnalysis #BinanceSquare
$BTR
