đ» $BTC REJECTED THE TOP â SHORT SETUP IS TRIGGERED
Family, $BTC tried to reach $78.7K-$78.8K but got rejected strongly. After an intraday climb, the recent candles show that sellers have come in at the local high level, providing a clear setup for short-term consolidationâŠâŠ.
Now, I am keeping my eye on the $78.4K level. As long as BTC does not break above the recent high and keeps forming lower highs, there will be an attempt to retest the previous support levelsâŠâŠ.
đŽ $BTC SHORT SETUP
Entry: $78,400 â $78,550
Stop Loss: $78,850
Target 1: $78,150
Target 2: $77,850
Target 3: $77,500
The setup will be valid as long as $78.85K acts as resistance. The breakdown of $78.2K can fasten the process of testing lower targets. In case breaks above $78.85K, I will consider the short idea invalidated. đ
Trading 100x leverage is extremely aggressive. Be careful with your money and use reasonable position sizes.
#YenBreaks160AgainstDollar
Family, $BTC tried to reach $78.7K-$78.8K but got rejected strongly. After an intraday climb, the recent candles show that sellers have come in at the local high level, providing a clear setup for short-term consolidationâŠâŠ.
Now, I am keeping my eye on the $78.4K level. As long as BTC does not break above the recent high and keeps forming lower highs, there will be an attempt to retest the previous support levelsâŠâŠ.
đŽ $BTC SHORT SETUP
Entry: $78,400 â $78,550
Stop Loss: $78,850
Target 1: $78,150
Target 2: $77,850
Target 3: $77,500
The setup will be valid as long as $78.85K acts as resistance. The breakdown of $78.2K can fasten the process of testing lower targets. In case breaks above $78.85K, I will consider the short idea invalidated. đ
Trading 100x leverage is extremely aggressive. Be careful with your money and use reasonable position sizes.
#YenBreaks160AgainstDollar
