đ One of the most asked question right now about $BTC : Where do we take short position?
Look, understand the structure!
We caught the bottom zone 62,500, then the top from $79K â $75.5K, and then $77.7K â $80.5K long. Basically, weâve caught almost every major move so far.
Now the question is: where do we short?
Anyone taking the short needs to have a big heart. If you canât handle the risk, simply donât take it. And yes, a stop-loss is mandatory.
đŽ Short Zones remain the same:
Entry 1: $81,500â82,500
Entry 2: $83,600â84,600
đŻ Expected Average: $82,800â83,000
đ Stop Loss: If BTC gives 2 consecutive 4H closes above $85,500.
Risk management comes first.
If you donât want to use a stop-loss, then keep your wallet size and margin small, and set your liquidation level at $140K+. That way, you can stay mentally comfortable and calmly hold for a potential move toward $48Kâ55K.
Futures traders know how to make money â Iâve already given you the guidance on the zones.
The chart is still pointing toward another bull trap with this price action. How you manage it from here is up to you.
Spot holders should stay patient. If you get stuck up here, youâll regret it when we reach the bottom.
Iâm getting an ultra-bearish vibe for September through mid-October.
Trade Accordingly đđ»
Look, understand the structure!
We caught the bottom zone 62,500, then the top from $79K â $75.5K, and then $77.7K â $80.5K long. Basically, weâve caught almost every major move so far.
Now the question is: where do we short?
Anyone taking the short needs to have a big heart. If you canât handle the risk, simply donât take it. And yes, a stop-loss is mandatory.
đŽ Short Zones remain the same:
Entry 1: $81,500â82,500
Entry 2: $83,600â84,600
đŻ Expected Average: $82,800â83,000
đ Stop Loss: If BTC gives 2 consecutive 4H closes above $85,500.
Risk management comes first.
If you donât want to use a stop-loss, then keep your wallet size and margin small, and set your liquidation level at $140K+. That way, you can stay mentally comfortable and calmly hold for a potential move toward $48Kâ55K.
Futures traders know how to make money â Iâve already given you the guidance on the zones.
The chart is still pointing toward another bull trap with this price action. How you manage it from here is up to you.
Spot holders should stay patient. If you get stuck up here, youâll regret it when we reach the bottom.
Iâm getting an ultra-bearish vibe for September through mid-October.
Trade Accordingly đđ»
