f you mean Bitlayer ($BTR ), your $0.17 limit is quite close to the current resistance area. Today’s range has been extremely volatile, with price reaching about $0.177 intraday
Your setup:
🔴 Short/limit: ~$0.17 🛑 SL: $0.23 🎯 You’re targeting a rejection from the recent high around $0.19
I wouldn’t assume when it will fall. A safer confirmation would be rejection around $0.17–$0.19 followed by a break back below the nearby support. Current technical references put $0.137 and $0.147 as important levels, with $0.173 another resistance area.
⚠️ BTR has already moved hundreds of percent in 24h, so a squeeze above $0.19 is absolutely possible. Keep the stop-loss—don’t increase the position just because the short is underwater.#CryptoFearGreedIndexHits74 #XRPRallies44%InAWeek #BitcoinFaces$6.4BOptionsExpiry
Your setup:
🔴 Short/limit: ~$0.17 🛑 SL: $0.23 🎯 You’re targeting a rejection from the recent high around $0.19
I wouldn’t assume when it will fall. A safer confirmation would be rejection around $0.17–$0.19 followed by a break back below the nearby support. Current technical references put $0.137 and $0.147 as important levels, with $0.173 another resistance area.
⚠️ BTR has already moved hundreds of percent in 24h, so a squeeze above $0.19 is absolutely possible. Keep the stop-loss—don’t increase the position just because the short is underwater.#CryptoFearGreedIndexHits74 #XRPRallies44%InAWeek #BitcoinFaces$6.4BOptionsExpiry
