Mano2424
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Mano2424
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$BTC
📉 $BTC / USDT (5m Chart) - Short Setup Alert!
Looking at the lower timeframe (5m), Bitcoin is showing clear bearish signs after facing rejection at the upper liquidity zones.
The structure has shifted, and price is currently failing to hold higher levels, confirming a strong bearish momentum for a short-term scalp. I have laid out my potential Short Position based on the current market structure.
Entry Price: Around $63,538
Stop Loss (SL): $63,720 (Just above the recent swing high for safety)
Take Profit (TP): $63,022 (Targeting the lower liquidity pools/recent support)
The Risk-to-Reward (R:R) ratio looks highly favorable on this setup. Let's see how the volume kicks in. Always manage your risk and wait for proper confirmation before execution!
What are your thoughts on BTC? Is it heading straight to 63k or pushing back up? Let me know in the comments! 👇
#BTC #bitcoin #CryptoTrading. #TechnicalAnalysis #bearish
📉 $BTC / USDT (5m Chart) - Short Setup Alert!
Looking at the lower timeframe (5m), Bitcoin is showing clear bearish signs after facing rejection at the upper liquidity zones.
The structure has shifted, and price is currently failing to hold higher levels, confirming a strong bearish momentum for a short-term scalp. I have laid out my potential Short Position based on the current market structure.
Entry Price: Around $63,538
Stop Loss (SL): $63,720 (Just above the recent swing high for safety)
Take Profit (TP): $63,022 (Targeting the lower liquidity pools/recent support)
The Risk-to-Reward (R:R) ratio looks highly favorable on this setup. Let's see how the volume kicks in. Always manage your risk and wait for proper confirmation before execution!
What are your thoughts on BTC? Is it heading straight to 63k or pushing back up? Let me know in the comments! 👇
#BTC #bitcoin #CryptoTrading. #TechnicalAnalysis #bearish
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