The BTR strategy I shared earlier has now successfully captured its profit potential this round. This isn’t a handout—the incremental gains speak for themselves.$BR The hourly moving averages have compressed into a bearish alignment, and the price is hugging the lower boundary. Each rebound is weaker than the last, making sellers the dominant force in this structure. The ADX reading is above 20, indicating that the trend is likely to continue rather than being mere random fluctuations.
The dense trading area above is natural resistance, and even if the price rebounds into it, it’s unlikely to hold. I’d look to enter short where the rebound runs out of steam, targeting a test of the previous low below. Don’t rush to call a bottom until volume picks up. Shorting here offers a much better risk-reward ratio than chasing longs.
🔴 Trade direction: Short
📍 Entry range: 0.4551586 – 0.4564706
🛑 Stop loss: 0.4684958
🎯 Take profit 1: 0.4463037
🎯 Take profit 2: 0.4399632
🎯 Take profit 3: 0.4304523
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the ups and downs of the world.
#BR
Click below to trade 👇
The dense trading area above is natural resistance, and even if the price rebounds into it, it’s unlikely to hold. I’d look to enter short where the rebound runs out of steam, targeting a test of the previous low below. Don’t rush to call a bottom until volume picks up. Shorting here offers a much better risk-reward ratio than chasing longs.
🔴 Trade direction: Short
📍 Entry range: 0.4551586 – 0.4564706
🛑 Stop loss: 0.4684958
🎯 Take profit 1: 0.4463037
🎯 Take profit 2: 0.4399632
🎯 Take profit 3: 0.4304523
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the ups and downs of the world.
#BR
Click below to trade 👇