The confirmation before a breakout is often hidden in the structure. $BTR is currently trading below the moving averages on both the daily and four-hour charts. This rebound is merely a recovery, not a reversal. Price is far from the one-hour moving average, so a short-term pullback is possible. But the four-hour bearish alignment remains intact, so I’d rather wait for a rebound into the resistance zone before considering a short.
Volume hasn’t shown sustained buying support, and the cluster of moving averages above is acting as resistance. The sharper the rebound, the more it looks like it’s handing bears a better entry. The real concern is a quick bounce after becoming oversold, so timing matters more than direction. Until the structure turns, the broader trend remains downward.
🔴 Trade direction: Short
📍 Entry range: 0.0443383 – 0.0444867
🛑 Stop loss: 0.0457592
🎯 Take profit 1: 0.0434024
🎯 Take profit 2: 0.0427291
🎯 Take profit 3: 0.0417190
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTR
Click below to trade 👇
Volume hasn’t shown sustained buying support, and the cluster of moving averages above is acting as resistance. The sharper the rebound, the more it looks like it’s handing bears a better entry. The real concern is a quick bounce after becoming oversold, so timing matters more than direction. Until the structure turns, the broader trend remains downward.
🔴 Trade direction: Short
📍 Entry range: 0.0443383 – 0.0444867
🛑 Stop loss: 0.0457592
🎯 Take profit 1: 0.0434024
🎯 Take profit 2: 0.0427291
🎯 Take profit 3: 0.0417190
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTR
Click below to trade 👇