$BTC 4H: weak bear flag points to downside continuation
The sharp selloff was followed by a weak rebound that failed below the broken range, shaping a bear flag. Acceptance below the flag confirms continuation; a sustained reclaim above its high invalidates the paper setup.
Paper trade, 4H short:
→ entry $75,624.00
→ target $74,200.00 (R:R 1.6)
→ invalidation $76,500.00
Does the bear flag break or reclaim its range?
#TechnicalAnalysis #PaperTrading
My view, not a recommendation. DYOR.
The sharp selloff was followed by a weak rebound that failed below the broken range, shaping a bear flag. Acceptance below the flag confirms continuation; a sustained reclaim above its high invalidates the paper setup.
Paper trade, 4H short:
→ entry $75,624.00
→ target $74,200.00 (R:R 1.6)
→ invalidation $76,500.00
Does the bear flag break or reclaim its range?
#TechnicalAnalysis #PaperTrading
My view, not a recommendation. DYOR.
