$BTR The NEAR strategy I shared earlier has already taken profit in the previous round. The illusion of accumulation is what most easily lets people lower their guard. Looking calmly at this BTC rebound, volume simply hasn't confirmed it. The moving averages overhead have kept pressure on price, and every rally has been pushed back down. The bears are clearly still in control. The biggest risk in trading is mistaking a pause in a downtrend for a bottom. When key levels can't hold and price action isn't backed by volume, I'd rather treat this kind of rebound as an opportunity to position for a short.
Of course, that doesn't mean it can't bounce. But even if it does, that won't change the broader bearish structure. Rather than chase the rally, it's better to wait for it to lose momentum and then look for further downside.
🔴 Trade direction: Short
📍 Entry range: 0.0472433 – 0.0473419
🛑 Stop loss: 0.0483600
🎯 Take profit 1: 0.0464921
🎯 Take profit 2: 0.0459585
🎯 Take profit 3: 0.0451579
There's no need to chase the trend; the trend will come to you.
Stand alongside Sister Li, and make every moment count.
#BTR
Tap below to trade 👇
Of course, that doesn't mean it can't bounce. But even if it does, that won't change the broader bearish structure. Rather than chase the rally, it's better to wait for it to lose momentum and then look for further downside.
🔴 Trade direction: Short
📍 Entry range: 0.0472433 – 0.0473419
🛑 Stop loss: 0.0483600
🎯 Take profit 1: 0.0464921
🎯 Take profit 2: 0.0459585
🎯 Take profit 3: 0.0451579
There's no need to chase the trend; the trend will come to you.
Stand alongside Sister Li, and make every moment count.
#BTR
Tap below to trade 👇