$BTC : Short Setup (Sell the Bounce)
BTC broke below its 66,430 support and printed a new low at 66,170, with RSI deeply oversold at 27. I'm not chasing the breakdown. I'm waiting for a relief bounce into the broken support zone to short the weakness.
Entry: 66,850 – 67,150 (on rejection)
Stop-loss: 67,500
TP1: 66,400
TP2: 66,000
TP3: 65,600
Reason: The 1H chart made a new lower low, the declining 1H MA9 (about 67,060) sits right at the entry zone, and the 7-day and 30-day trends are both down.
⚠️ Oversold markets can bounce hard and weekend liquidity is thin, so I keep size small and use a strict stop.
A 1H close above 67,500 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#BTC #bitcoin #TradingSignals #TradingStrategies💼💰 #Binance
BTC broke below its 66,430 support and printed a new low at 66,170, with RSI deeply oversold at 27. I'm not chasing the breakdown. I'm waiting for a relief bounce into the broken support zone to short the weakness.
Entry: 66,850 – 67,150 (on rejection)
Stop-loss: 67,500
TP1: 66,400
TP2: 66,000
TP3: 65,600
Reason: The 1H chart made a new lower low, the declining 1H MA9 (about 67,060) sits right at the entry zone, and the 7-day and 30-day trends are both down.
⚠️ Oversold markets can bounce hard and weekend liquidity is thin, so I keep size small and use a strict stop.
A 1H close above 67,500 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#BTC #bitcoin #TradingSignals #TradingStrategies💼💰 #Binance
