$BTC Bearish Channel Resistance Setup
BTCUSDT remains in a descending channel, with the overall market structure still bearish.
Price is approaching the channel resistance together with a key horizontal resistance zone around $63.3Kâ$63.4K. The confluence of these two resistances could provide a potential short opportunity if price shows bearish rejection.
Trade Idea:
đč
Wait for price to reach the resistance area.
đč Look for bearish confirmation/rejection before entering.
đč SL: ~$63.63K
đč TP: ~$62.55K
The setup is based on channel resistance + horizontal resistance + bearish trend. Patience for confirmation is key
$BTC
#TradingSetup #Breakout #crypto #TradingSetup
BTCUSDT remains in a descending channel, with the overall market structure still bearish.
Price is approaching the channel resistance together with a key horizontal resistance zone around $63.3Kâ$63.4K. The confluence of these two resistances could provide a potential short opportunity if price shows bearish rejection.
Trade Idea:
đč
Wait for price to reach the resistance area.
đč Look for bearish confirmation/rejection before entering.
đč SL: ~$63.63K
đč TP: ~$62.55K
The setup is based on channel resistance + horizontal resistance + bearish trend. Patience for confirmation is key
$BTC
#TradingSetup #Breakout #crypto #TradingSetup