$BTC Short Setup Logic 📉
Market Structure: BTC is forming a descending wedge on the 4H timeframe, showing lower highs and increasing selling pressure.
Resistance Rejection: Price was rejected from the 65,800–66,400 major resistance zone, confirming strong supply.
Entry Zone: 63,000–63,300 — look for bearish rejection/confirmation before entering.
Breakdown Confirmation: A strong 4H close below the 62,200–62,700 support zone can trigger further downside.
Targets: 62,000 → 61,000 → 60,000 → 59,000 → 57,800
Stop Loss: 64,800 — a breakout above this level invalidates the short setup.
Risk Management: After TP1, consider moving SL toward breakeven and securing partial profits.
Trade here 👇
Market Structure: BTC is forming a descending wedge on the 4H timeframe, showing lower highs and increasing selling pressure.
Resistance Rejection: Price was rejected from the 65,800–66,400 major resistance zone, confirming strong supply.
Entry Zone: 63,000–63,300 — look for bearish rejection/confirmation before entering.
Breakdown Confirmation: A strong 4H close below the 62,200–62,700 support zone can trigger further downside.
Targets: 62,000 → 61,000 → 60,000 → 59,000 → 57,800
Stop Loss: 64,800 — a breakout above this level invalidates the short setup.
Risk Management: After TP1, consider moving SL toward breakeven and securing partial profits.
Trade here 👇