The unusual move and the hard evidence have come together, and this rebound in $BTR clearly lacks strength. Look at the daily chart: the price has been moving below both moving averages, so the overall trend is weak. It also hasn’t managed to climb back above them on the four-hour or one-hour charts—the layers of resistance are right there. I know people always want to buy the dip at the bottom of a range, and the RSI really is in extreme territory, so a bounce is perfectly normal. But a bounce isn’t the same as a reversal, right?
Volume hasn’t followed through, so there’s little desire to push the price higher. That’s why I’d rather view this kind of rebound as an opportunity to enter a short position, not a reason to chase longs. Until the structure recovers, the overall bias remains downward.
🔴 Trade direction: Short
📍 Entry range: 0.0446615 – 0.0447533
🛑 Stop-loss: 0.0456190
🎯 Take profit 1: 0.0440238
🎯 Take profit 2: 0.0435680
🎯 Take profit 3: 0.0428843
There’s no need to chase the prevailing trend; it will come to a halt on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#BTR
Click below to trade 👇
Volume hasn’t followed through, so there’s little desire to push the price higher. That’s why I’d rather view this kind of rebound as an opportunity to enter a short position, not a reason to chase longs. Until the structure recovers, the overall bias remains downward.
🔴 Trade direction: Short
📍 Entry range: 0.0446615 – 0.0447533
🛑 Stop-loss: 0.0456190
🎯 Take profit 1: 0.0440238
🎯 Take profit 2: 0.0435680
🎯 Take profit 3: 0.0428843
There’s no need to chase the prevailing trend; it will come to a halt on its own.
Stand alongside Sister Li, and let every moment leave an echo.
#BTR
Click below to trade 👇