$BTC /USDT · Bias: Sell
The bearish EMA stack on the 4-hour and 1-hour charts means the swing trend is bearish.
Entry: 65274.56 – 65461.44
Take profit 1: 63624.04 (-2.7%)
Take profit 2: 62461.40 (-4.4%)
Take profit 3: 60717.44 (-7.1%)
Stop loss: 67693.28 (+3.6%)
Note: Conviction is only moderate, so keep position size small.
Reason: ADX at 38.0 with sellers in control indicates strong directional pressure behind the move.
Risk: Price is oversold, and bounces are common from here (4-hour RSI at 19.4, oversold).
Plan: Close 50% at take profit 1, 25% at take profit 2, and 25% at take profit 3, and move the stop loss to the entry price after take profit 1
$BTC
#BTC .
The bearish EMA stack on the 4-hour and 1-hour charts means the swing trend is bearish.
Entry: 65274.56 – 65461.44
Take profit 1: 63624.04 (-2.7%)
Take profit 2: 62461.40 (-4.4%)
Take profit 3: 60717.44 (-7.1%)
Stop loss: 67693.28 (+3.6%)
Note: Conviction is only moderate, so keep position size small.
Reason: ADX at 38.0 with sellers in control indicates strong directional pressure behind the move.
Risk: Price is oversold, and bounces are common from here (4-hour RSI at 19.4, oversold).
Plan: Close 50% at take profit 1, 25% at take profit 2, and 25% at take profit 3, and move the stop loss to the entry price after take profit 1
$BTC
#BTC .