$BTC 4H: bear flag forms below broken range support
The prior range broke down, followed by a weak rebound that resembles a bear flag. Continued rejection below former support confirms the short bias; a sustained reclaim above the flag invalidates it.
Paper trade, 4H short:
→ entry $81,794.12
→ target $80,450.00 (R:R 1.6)
→ invalidation $82,650.00
#TechnicalAnalysis #PaperTrading
Not financial advice, DYOR.
The prior range broke down, followed by a weak rebound that resembles a bear flag. Continued rejection below former support confirms the short bias; a sustained reclaim above the flag invalidates it.
Paper trade, 4H short:
→ entry $81,794.12
→ target $80,450.00 (R:R 1.6)
→ invalidation $82,650.00
#TechnicalAnalysis #PaperTrading
Not financial advice, DYOR.