[BTC SCALP 09/11 - SHORT]
BTC is recovering toward an area I’ve been watching. I’m sharing my plan for everyone to consider.
View: There may be a short-term SHORT opportunity
$BTC . This is an area to wait for price to reach, not a signal to jump in right away.
1. PLAN
- Direction: SHORT (expecting the price to fall).
- Timeframe: M5.
- Price at the time of posting: 74,093 USDT.
- Entry zone: 74,176 - 74,323.
- Stop Loss: 74,498 (+0.3%), set just above the entry zone.
- Take Profit 1: 73,333 (-1.2%, R:R 1:3.7)
2. WHY AM I WATCHING THIS AREA?
- This is a bearish Order Block on M5, where sellers previously pushed the price down.
- Trend: D1 up, H4 down, M15 down.
- To be clear: this trade goes against the D1 trend, so only use a small position size.
- I’ve checked again: the trade is aligned with the main H4 trend, and the latest H1/H4/D1 candles show no strong momentum in the opposite direction.
3. WHEN SHOULD YOU CANCEL THE TRADE?
- Price reaches TP1 at 73,333 before the entry zone is filled.
- Price reaches or exceeds the Stop Loss at 74,498.
- It’s past 20:15 09/11 (UTC+7) and the order hasn’t been filled.
- Price moves too far from the entry zone: don’t chase it.
4. RISK MANAGEMENT
For example, with a 1,000 USDT account and a risk tolerance of 0.5% = 5 USDT. The distance from the middle of the entry zone to the SL is 0.33%, so a position value of around 1,495 USDT would result in a loss of about 5 USDT if the SL is hit, excluding fees and slippage. Don’t automatically use high leverage.
Posted at: 18:15 09/11 (UTC+7).
Valid until: 20:15 09/11 (UTC+7).
This is a conditional plan, not backtested against historical data, and is not investment advice. Don’t chase the price or ignore the Stop Loss.
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