Selling pressure remains evident, but caution is warranted due to the possibility of an upward rebound.
⚠️ Risks and Trade Management:
The current downward momentum has pushed the 4-hour RSI to 19.4, indicating clear oversold conditions and therefore an increased likelihood of a temporary rebound.
Take-Profit Plan:
Close 50% of the position at TP1.
Close 25% at TP2.
Close the remaining 25% at TP3.
Move the stop-loss to the entry point after the first target is reached.
💡 Note: Confidence in this trade is only moderate, so it is preferable to use a small position size and avoid excessive risk.
💬 What do you think? Would you enter the short trade at $BTC
in the specified entry zone, or would you prefer to wait for additional confirmation?
⚠️ This is a personal market analysis for educational purposes only and is not investment advice or a recommendation to buy or sell. NFA — Manage your risk and do your own research (DYOR).
There are no paid advertisements, referral links, or affiliate promotions.#BitcoinActiveSupplyInProfitDropsBelow45%
⚠️ Risks and Trade Management:
The current downward momentum has pushed the 4-hour RSI to 19.4, indicating clear oversold conditions and therefore an increased likelihood of a temporary rebound.
Take-Profit Plan:
Close 50% of the position at TP1.
Close 25% at TP2.
Close the remaining 25% at TP3.
Move the stop-loss to the entry point after the first target is reached.
💡 Note: Confidence in this trade is only moderate, so it is preferable to use a small position size and avoid excessive risk.
💬 What do you think? Would you enter the short trade at $BTC
in the specified entry zone, or would you prefer to wait for additional confirmation?
⚠️ This is a personal market analysis for educational purposes only and is not investment advice or a recommendation to buy or sell. NFA — Manage your risk and do your own research (DYOR).
There are no paid advertisements, referral links, or affiliate promotions.#BitcoinActiveSupplyInProfitDropsBelow45%
