🔴 $BTC /USDT · Bias: SHORT
BTC price is below both EMAs on the 4-hour chart, so the swing trend points downward.
Entry: 74017.62 – 74150.78
TP1: 73147.80 (-1.3%)
TP2: 72523.53 (-2.1%)
TP3: 71587.13 (-3.4%)
SL: 75332.74 (+1.7%)
Why: An ADX of 27.5 and sellers in control indicate that the directional movement index is showing strong downward pressure from sellers.
Plan: close 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop to the entry price after TP1.
What do you think the next downside target will be?
$BTC
BTC price is below both EMAs on the 4-hour chart, so the swing trend points downward.
Entry: 74017.62 – 74150.78
TP1: 73147.80 (-1.3%)
TP2: 72523.53 (-2.1%)
TP3: 71587.13 (-3.4%)
SL: 75332.74 (+1.7%)
Why: An ADX of 27.5 and sellers in control indicate that the directional movement index is showing strong downward pressure from sellers.
Plan: close 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop to the entry price after TP1.
What do you think the next downside target will be?
$BTC