BTC price is fluctuating around $63,046, touching the EMA20 resistance zone on the 4h timeframe again after being rejected at $63.259.
$BTC – SHORT
Trading plan:
Entry: $63,037.97 – $63,054.75
SL: $63,130.28
TP1: $62,895.31
TP2: $62,822.58
TP3: $62,738.67
Why this setup?
• The 4h trend is SHORT; EMA20=$63,259.20, EMA50=$63,887.74.
• RSI 15m=23.1; RSI 4h=34.9.
• ATR 1h=$55.9443; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion: If selling momentum increases and breaks the daily support at $62.275, the short scenario benefits; otherwise, a 4h candle closing above EMA20 will sweep the SL $63.130 and reverse upward to resistance $65.474.
Click here to trade 👇
$BTC – SHORT
Trading plan:
Entry: $63,037.97 – $63,054.75
SL: $63,130.28
TP1: $62,895.31
TP2: $62,822.58
TP3: $62,738.67
Why this setup?
• The 4h trend is SHORT; EMA20=$63,259.20, EMA50=$63,887.74.
• RSI 15m=23.1; RSI 4h=34.9.
• ATR 1h=$55.9443; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion: If selling momentum increases and breaks the daily support at $62.275, the short scenario benefits; otherwise, a 4h candle closing above EMA20 will sweep the SL $63.130 and reverse upward to resistance $65.474.
Click here to trade 👇