🔴 $BTC — OUR SHORT ENTRY IS IN! NOW LET'S SEE HOW THE MARKET PLAYS OUT. 👀
Remember our previous BTC analysis? We discussed waiting for a relief bounce towards the $78,800 liquidity/resistance area before considering a SHORT.
Well, we got our entry! 🎯
BTC pushed back towards our marked entry around $78,818, but buyers couldn't sustain the recovery. Price has now moved back down towards $77,974, putting the trade approximately 1.07% in profit from our entry (before fees).
What I like about this setup is the bigger structure. BTC experienced a strong bearish displacement, and the current recovery still looks more like a corrective bounce than a confirmed trend reversal.
Here's what I'm watching now:
Entry: $78,818
Current price: $77,974
Stop-Loss: $79,773
TP1: $77,000
TP2: $76,000
Final target: $75,244
The $75,244 region is particularly interesting because it aligns with the major weekly liquidity level marked on our chart.
My strategy from here?
I'm watching whether sellers can maintain control below $78,818. If bearish momentum continues, we could see another leg down towards the weekly liquidity zone.
However, I won't assume the target is guaranteed. A strong reclaim of $78,818 would weaken the immediate bearish scenario, while a move above $79,773 invalidates this setup.
We planned the entry, waited for price to come to us, and now it's time to manage the trade patiently.
No FOMO, no unnecessary decisions. Let the setup play out!
One setup at a time. One candle at a time. 📉
Follow for more price-action and liquidity-based analysis! 👇
#BTCanalysis
Remember our previous BTC analysis? We discussed waiting for a relief bounce towards the $78,800 liquidity/resistance area before considering a SHORT.
Well, we got our entry! 🎯
BTC pushed back towards our marked entry around $78,818, but buyers couldn't sustain the recovery. Price has now moved back down towards $77,974, putting the trade approximately 1.07% in profit from our entry (before fees).
What I like about this setup is the bigger structure. BTC experienced a strong bearish displacement, and the current recovery still looks more like a corrective bounce than a confirmed trend reversal.
Here's what I'm watching now:
Entry: $78,818
Current price: $77,974
Stop-Loss: $79,773
TP1: $77,000
TP2: $76,000
Final target: $75,244
The $75,244 region is particularly interesting because it aligns with the major weekly liquidity level marked on our chart.
My strategy from here?
I'm watching whether sellers can maintain control below $78,818. If bearish momentum continues, we could see another leg down towards the weekly liquidity zone.
However, I won't assume the target is guaranteed. A strong reclaim of $78,818 would weaken the immediate bearish scenario, while a move above $79,773 invalidates this setup.
We planned the entry, waited for price to come to us, and now it's time to manage the trade patiently.
No FOMO, no unnecessary decisions. Let the setup play out!
One setup at a time. One candle at a time. 📉
Follow for more price-action and liquidity-based analysis! 👇
#BTCanalysis
