๐ป $BTC/USD Short Setup | 1D Chart
Bitcoin was rejected near the 87K zone and is now printing lower highs on the daily. Sellers are in control for the moment, and I'm watching for continuation to the downside.
๐ Bias: Short
๐ฏ Entry: ~82,900
๐ Stop Loss: 87,100
โ Take Profit: 74,500
โ๏ธ Risk:Reward: ~1:2
Why this setup?
โข Strong rejection from the 86K-87K supply zone
โข Large bearish daily candle with a lower high structure
โข Clear downside room toward the 74K-76K support area
โข Stop sits above the recent swing high, so the invalidation is clean
โ ๏ธ If price reclaims and closes above 87K, the setup is invalid. Respect your stop loss and keep position size small (1-2% risk per trade).
What's your view: continuation down, or a bounce from here? ๐
Not financial advice. Do your own research and manage your risk.
#BTC #Bitcoin #TradingSignal #CryptoTrading #TechnicalAnalysis
#BinanceSquare
Bitcoin was rejected near the 87K zone and is now printing lower highs on the daily. Sellers are in control for the moment, and I'm watching for continuation to the downside.
๐ Bias: Short
๐ฏ Entry: ~82,900
๐ Stop Loss: 87,100
โ Take Profit: 74,500
โ๏ธ Risk:Reward: ~1:2
Why this setup?
โข Strong rejection from the 86K-87K supply zone
โข Large bearish daily candle with a lower high structure
โข Clear downside room toward the 74K-76K support area
โข Stop sits above the recent swing high, so the invalidation is clean
โ ๏ธ If price reclaims and closes above 87K, the setup is invalid. Respect your stop loss and keep position size small (1-2% risk per trade).
What's your view: continuation down, or a bounce from here? ๐
Not financial advice. Do your own research and manage your risk.
#BTC #Bitcoin #TradingSignal #CryptoTrading #TechnicalAnalysis
#BinanceSquare