โ ๏ธ Short setup for $BTC
TF: 1D | Exchange: Binance
#BTC is approaching resistance at $108,000+, where consolidation previously formed. Signs of local overheating are visible.
๐ Current price: ~107,000$
๐บ Stop: above 108,600$
๐ฏ Target: down to 93,500$ (high liquidity and volume support zone)
๐ Indicators show:
โ TSI โ impulse at peak, possible divergence โ DMI โ weakening of buying impulse
โ %R โ overbought, possible reversal
โ Top Trader L/S (CoinGlass) โ skew towards shorts
โ Open Interest โ increase against the backdrop of current movement, possible drop
๐ก Scenario for local correction from overbought levels. The scenario is canceled in case of impulsive rejection above 108,600$.
#crypto #shortsetup #Binance #priceaction ๐จ๐
TF: 1D | Exchange: Binance
#BTC is approaching resistance at $108,000+, where consolidation previously formed. Signs of local overheating are visible.
๐ Current price: ~107,000$
๐บ Stop: above 108,600$
๐ฏ Target: down to 93,500$ (high liquidity and volume support zone)
๐ Indicators show:
โ TSI โ impulse at peak, possible divergence โ DMI โ weakening of buying impulse
โ %R โ overbought, possible reversal
โ Top Trader L/S (CoinGlass) โ skew towards shorts
โ Open Interest โ increase against the backdrop of current movement, possible drop
๐ก Scenario for local correction from overbought levels. The scenario is canceled in case of impulsive rejection above 108,600$.
#crypto #shortsetup #Binance #priceaction ๐จ๐
