As divergence emerges, the chart structure for $BTR is sending a signal. On the daily chart, price is below both the EMA50 and EMA200, with the moving averages aligned bearishly. This is not short-term noise; it is pressure at the trend level. The four-hour RSI is hovering around 36, with momentum remaining weak below the midpoint and rebounds lacking volume support. The hourly chart also shows no signs of reclaiming the moving averages, with all three timeframes pointing downward.
Given this structure, I favor opening short positions in areas where rebounds lose steam, rather than trying to call a bottom. The key logic is that the cluster of moving averages overhead acts as resistance. As long as the daily candle does not close above the EMA50, the bearish structure remains intact. A rebound is a risk, but not a reason to assume the structure has changed.
🔴 Trade direction: Short
📍 Entry range: 0.0428234 – 0.0429354
🛑 Stop loss: 0.0440939
🎯 Take profit 1: 0.0419686
🎯 Take profit 2: 0.0413613
🎯 Take profit 3: 0.0404505
Gaze upon the vastness of mountains and seas; observe the market's finest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTR
Click below to trade 👇
Given this structure, I favor opening short positions in areas where rebounds lose steam, rather than trying to call a bottom. The key logic is that the cluster of moving averages overhead acts as resistance. As long as the daily candle does not close above the EMA50, the bearish structure remains intact. A rebound is a risk, but not a reason to assume the structure has changed.
🔴 Trade direction: Short
📍 Entry range: 0.0428234 – 0.0429354
🛑 Stop loss: 0.0440939
🎯 Take profit 1: 0.0419686
🎯 Take profit 2: 0.0413613
🎯 Take profit 3: 0.0404505
Gaze upon the vastness of mountains and seas; observe the market's finest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTR
Click below to trade 👇