The real climax often comes with a trap at the end. $BTR is below the moving averages on both the 4-hour and daily charts, and the bearish alignment remains intact. In this setup, a rebound looks more like a bull trap. The 1-hour price continues to drift lower, with sellers setting the pace; the ADX reading also suggests that downside momentum has not faded.
I won’t chase the limited upside. I’ll only consider shorting if price rebounds into the resistance zone; a break below the previous low could trigger further acceleration. The daily trend is down, and the 4-hour chart confirms it. The only uncertainty is that the short-term direction hasn’t fully aligned yet, so leave room in your position sizing and stop-loss. The logic behind this trade is to follow the higher-timeframe trend: enter if the rebound gives us an opportunity, otherwise wait.
🔴 Trade direction: Short
📍 Entry range: 0.0493982 – 0.0495210
🛑 Stop-loss: 0.0507683
🎯 Take-profit 1: 0.0484781
🎯 Take-profit 2: 0.0478238
🎯 Take-profit 3: 0.0468422
Take in the vastness of mountains and seas; observe the market’s subtleties.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#BTR
Click below to trade 👇
I won’t chase the limited upside. I’ll only consider shorting if price rebounds into the resistance zone; a break below the previous low could trigger further acceleration. The daily trend is down, and the 4-hour chart confirms it. The only uncertainty is that the short-term direction hasn’t fully aligned yet, so leave room in your position sizing and stop-loss. The logic behind this trade is to follow the higher-timeframe trend: enter if the rebound gives us an opportunity, otherwise wait.
🔴 Trade direction: Short
📍 Entry range: 0.0493982 – 0.0495210
🛑 Stop-loss: 0.0507683
🎯 Take-profit 1: 0.0484781
🎯 Take-profit 2: 0.0478238
🎯 Take-profit 3: 0.0468422
Take in the vastness of mountains and seas; observe the market’s subtleties.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#BTR
Click below to trade 👇