BTC is at a level to watch: the reference plan leans SHORT, while the 15m RSI at 46.9 could bring short-term volatility.
$BTC – SHORT
Trading plan:
Entry: $63,409.55 – $63,702.45
SL: $65,020.50
TP1: $60,919.90
TP2: $59,650.67
TP3: $58,186.17
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $68,446.89; 4h EMA50: $71,975.30.
• 15m RSI is at 46.9; 4h RSI is at 12.8, so wait for the price reaction at the entry zone.
• 1h ATR is $976.33; 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?
Tap here to trade 👇
$BTC
$BTC – SHORT
Trading plan:
Entry: $63,409.55 – $63,702.45
SL: $65,020.50
TP1: $60,919.90
TP2: $59,650.67
TP3: $58,186.17
Why this setup?
• Price and the 4h EMA20/50 align with this direction. 4h EMA20: $68,446.89; 4h EMA50: $71,975.30.
• 15m RSI is at 46.9; 4h RSI is at 12.8, so wait for the price reaction at the entry zone.
• 1h ATR is $976.33; 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?
Tap here to trade 👇
$BTC
