BTC price is currently around $77,770, below the resistance level of $81,478.87, indicating that selling pressure is increasing. If the price breaks above the EMA20, the short-term trend may continue to move downward.
$BTC – SHORT
Trading plan:
Entry: $77,691.35 – $77,846.13
SL: $78,542.65
TP1: $76,375.70
TP2: $75,704.97
TP3: $74,931.06
Why is this setup used?
• The 4h trend is SHORT; EMA20=$78,313.75, EMA50=$78,243.46.
• RSI 15m=34.9; RSI 4h=52.7.
• ATR 1h=$515.94; the entry is near the current price, TP1 has an R:R of 1.8.
Discussion:
Will the short-term SHORT trend hold until it hits TP1, or will the strong support level at $76,375.70 cause the price to bounce back and trigger the SL? What do you think—does this scenario have enough strength to reach TP1, or is there a risk of getting stopped out if the price rebounds quickly?
Click here to trade 👇
$BTC – SHORT
Trading plan:
Entry: $77,691.35 – $77,846.13
SL: $78,542.65
TP1: $76,375.70
TP2: $75,704.97
TP3: $74,931.06
Why is this setup used?
• The 4h trend is SHORT; EMA20=$78,313.75, EMA50=$78,243.46.
• RSI 15m=34.9; RSI 4h=52.7.
• ATR 1h=$515.94; the entry is near the current price, TP1 has an R:R of 1.8.
Discussion:
Will the short-term SHORT trend hold until it hits TP1, or will the strong support level at $76,375.70 cause the price to bounce back and trigger the SL? What do you think—does this scenario have enough strength to reach TP1, or is there a risk of getting stopped out if the price rebounds quickly?
Click here to trade 👇
