⚠️ $BTC TRAP ALERT: StochRSI Hitting 85! Don't Buy this Pump... Wait for THIS Level! 🎯
Bitcoin is sitting at $63,760, but if you look at the 15m/1h charts, STOCHRSI is screaming at 85 (EXTREMELY OVERBOUGHT) 📈. Chasing this green candle right into the MA99 resistance is a recipe for getting trapped!
We are trapped in a tight range between the 24h Low (63,283) and 24h High (64,050). The macro trend (90D -21%) is still bearish, so upside is limited. Here is my exact scalp plan for both scenarios:
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🟢 BULLISH PLAY (Buy the Dip - Preferred Setup)
· ⏳ Wait! Do NOT FOMO buy here. Wait for the indicator to reset.
· ✅ Entry Zone: 63,400 - 63,500 (Mid-range support).
· 🎯 Take Profit 1: 63,800
· 🎯 Take Profit 2: 64,000 (Retest of daily high).
· 🛑 🛡️ STOP LOSS: 63,200 (Strictly below the 24h low. If we break this, we flush to 63k).
🔴 BEARISH PLAY (Short the Rejection)
· ✅ Entry Zone: 63,800 - 64,000 (Wait for a 15m red rejection candle/wick at this zone).
· 🎯 Take Profit: 63,500
· 🛑 🛡️ STOP LOSS: 64,100 (If price breaks the daily high, shorts are invalid).
⚡ My Personal Play: I'm sitting on my hands until price hits $63,400. I'll scale into a LONG there, take profit at $63,800, and completely close my position before $64,000. NFA, DYOR! (If you found this helpful, dropping a tip helps me keep these setups coming! ❤️)
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#BTCUSDT #BinanceSquare #BitcoinTrading #ScalpSetup
Bitcoin is sitting at $63,760, but if you look at the 15m/1h charts, STOCHRSI is screaming at 85 (EXTREMELY OVERBOUGHT) 📈. Chasing this green candle right into the MA99 resistance is a recipe for getting trapped!
We are trapped in a tight range between the 24h Low (63,283) and 24h High (64,050). The macro trend (90D -21%) is still bearish, so upside is limited. Here is my exact scalp plan for both scenarios:
---
🟢 BULLISH PLAY (Buy the Dip - Preferred Setup)
· ⏳ Wait! Do NOT FOMO buy here. Wait for the indicator to reset.
· ✅ Entry Zone: 63,400 - 63,500 (Mid-range support).
· 🎯 Take Profit 1: 63,800
· 🎯 Take Profit 2: 64,000 (Retest of daily high).
· 🛑 🛡️ STOP LOSS: 63,200 (Strictly below the 24h low. If we break this, we flush to 63k).
🔴 BEARISH PLAY (Short the Rejection)
· ✅ Entry Zone: 63,800 - 64,000 (Wait for a 15m red rejection candle/wick at this zone).
· 🎯 Take Profit: 63,500
· 🛑 🛡️ STOP LOSS: 64,100 (If price breaks the daily high, shorts are invalid).
⚡ My Personal Play: I'm sitting on my hands until price hits $63,400. I'll scale into a LONG there, take profit at $63,800, and completely close my position before $64,000. NFA, DYOR! (If you found this helpful, dropping a tip helps me keep these setups coming! ❤️)
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#BTCUSDT #BinanceSquare #BitcoinTrading #ScalpSetup