High risk-to-reward opportunities are often found where the market structure is weakest. On the four-hour chart for $BTR , the price is trading below all the moving averages. Each rebound has turned back before even reaching them, a pattern that clearly favors sellers. The daily and hourly charts are both bearish. Although some indicators disagree, the structure gives buyers no room to fight back. Volume tells a similar story: every bounce has come on declining volume, showing little willingness to buy.
The price is grinding along a key support level. If it breaks, the downside could open up faster than expected. Shorting here offers a favorable risk-to-reward ratio; placing a stop above the previous high keeps the risk manageable.
🔴 Trade direction: Short
📍 Entry range: 0.0435364 – 0.0436648
🛑 Stop loss: 0.0450139
🎯 Take profit 1: 0.0425405
🎯 Take profit 2: 0.0418338
🎯 Take profit 3: 0.0407738
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the gains and losses of the world.
#BTR
Click below to trade 👇
The price is grinding along a key support level. If it breaks, the downside could open up faster than expected. Shorting here offers a favorable risk-to-reward ratio; placing a stop above the previous high keeps the risk manageable.
🔴 Trade direction: Short
📍 Entry range: 0.0435364 – 0.0436648
🛑 Stop loss: 0.0450139
🎯 Take profit 1: 0.0425405
🎯 Take profit 2: 0.0418338
🎯 Take profit 3: 0.0407738
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the gains and losses of the world.
#BTR
Click below to trade 👇