BTCUSD 5m - SHORT Setup Active! 📉
Bitcoin is stuck under resistance after a strong dump.
My Analysis:
Price: $75,899
Top Supply Zone: $76,800 - $77,300 (Major Resistance)
Second Supply Zone: $76,040 - $76,234 (My SHORT Entry)
Current Plan:
SHORT from $76,234 - $76,040 zone
Stop Loss: Above $76,300
Target 1: $75,640
Target 2: $75,000 (Major Support Line)
Risk:Reward is looking solid > 1:2.5
Market is bearish until $76,300 breaks.
What's your bias? Short or Long?
NFA - Not Financial Advice.
#BTC #Bitcoin #BTCUSD #CryptoTrading #TradingView #BinanceSquare
Bitcoin is stuck under resistance after a strong dump.
My Analysis:
Price: $75,899
Top Supply Zone: $76,800 - $77,300 (Major Resistance)
Second Supply Zone: $76,040 - $76,234 (My SHORT Entry)
Current Plan:
SHORT from $76,234 - $76,040 zone
Stop Loss: Above $76,300
Target 1: $75,640
Target 2: $75,000 (Major Support Line)
Risk:Reward is looking solid > 1:2.5
Market is bearish until $76,300 breaks.
What's your bias? Short or Long?
NFA - Not Financial Advice.
#BTC #Bitcoin #BTCUSD #CryptoTrading #TradingView #BinanceSquare
