$BTC 1H โ SHORT ๐ป plan
1) Structure: head & shoulders forming (bearish), phase: distribution phase.
2) Liquidity: right now ~$288.14M of long stops/liquidations sit near 75,497.4 (target pool) โ once price trades below 75,497.4, that pool is gone.
3) Risk: short stops are stacked near 78,416.98, so a stop-hunt is possible โ I want a rejection first.
๐ Entry: 77,774.3 โ 78,416.98
๐ฏ Target 1: 76,388.88
๐ฏ Target 2: 75,497.4
๐ Stop-loss: 78,985.38
Not financial advice โ DYOR. #BTC
1) Structure: head & shoulders forming (bearish), phase: distribution phase.
2) Liquidity: right now ~$288.14M of long stops/liquidations sit near 75,497.4 (target pool) โ once price trades below 75,497.4, that pool is gone.
3) Risk: short stops are stacked near 78,416.98, so a stop-hunt is possible โ I want a rejection first.
๐ Entry: 77,774.3 โ 78,416.98
๐ฏ Target 1: 76,388.88
๐ฏ Target 2: 75,497.4
๐ Stop-loss: 78,985.38
Not financial advice โ DYOR. #BTC
