$BTC
To minimize risks and act professionally, you should not enter blindly. It is recommended to use the following reference points: entry into the position (Short). Consider opening the position at the current levels or during a local upward pullback closer to resistance $76,800 - $77,000.
Stop-loss (Loss protection): You must place a stop order slightly above the psychological resistance level—at the $77,300 mark.
If the price consolidates above, it will mean that the short scenario is canceled and buyers have regained control.
Take-profit (Profit taking): The first target for closing the position should be set at the level of the nearest strong support—$74,700 (where the 200-day moving average runs), and the second one—in the $74,000 area.
To minimize risks and act professionally, you should not enter blindly. It is recommended to use the following reference points: entry into the position (Short). Consider opening the position at the current levels or during a local upward pullback closer to resistance $76,800 - $77,000.
Stop-loss (Loss protection): You must place a stop order slightly above the psychological resistance level—at the $77,300 mark.
If the price consolidates above, it will mean that the short scenario is canceled and buyers have regained control.
Take-profit (Profit taking): The first target for closing the position should be set at the level of the nearest strong support—$74,700 (where the 200-day moving average runs), and the second one—in the $74,000 area.