BTC is in an area to watch: the reference plan favors SHORT, while the 15m RSI at 42.8 could bring short-term volatility.
$BTC – SHORT
Trading plan:
Entry: $68,177.23 – $68,330.79
SL: $69,021.84
TP1: $66,871.92
TP2: $66,206.48
TP3: $65,438.65
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $71,132.83; 4h EMA50: $73,727.91.
• The 15m RSI is at 42.8; the 4h RSI is at 11.2. Wait for the price reaction around the entry zone.
• The 1h ATR is $511.88; TP1 has an R:R of 1.8 based on the reference price, excluding fees/slippage.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$BTC
$BTC – SHORT
Trading plan:
Entry: $68,177.23 – $68,330.79
SL: $69,021.84
TP1: $66,871.92
TP2: $66,206.48
TP3: $65,438.65
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $71,132.83; 4h EMA50: $73,727.91.
• The 15m RSI is at 42.8; the 4h RSI is at 11.2. Wait for the price reaction around the entry zone.
• The 1h ATR is $511.88; TP1 has an R:R of 1.8 based on the reference price, excluding fees/slippage.
The debate:
Will short-term momentum be enough to confirm a move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$BTC
