#SpotVSFuturesStrategy
🚨 $BTC/USDT: Key Rejection at Critical Resistance – Short Opportunity?
The 1H chart reveals a fierce battle between bulls and bears near the $117,700–$118,900 zone. Despite repeated tests, buyers lack the strength to sustain a breakout, hinting at exhaustion. The price is now flirting with a pullback, offering a potential short entry if momentum confirms.
📉 Trade Setup (Aggressive Short):
Entry:$117,695 (Wait for rejection confirmation)
Targets:
🎯 T1: $116,400 (Initial liquidity pocket)
🎯 T2: $114,600 (Previous swing low)
🎯 T3:$113,470 (Strong HTF support)
Stop-Loss:$118,891 (Above recent high)
🛡️ Risk Strategy:
🔹 Position Size: 3–5% of capital to limit exposure.
🔹 Stop Adjustment:Move SL to breakeven after T1 hits—lock in profits and reduce risk.
🔍 Watch for Confluence:
🔹 A retest of $117,700 with weak closes & rising sell volume = high-probability add-on zone.
🔹 Breakdown below $116,400 could accelerate the drop—stay alert.
Pro Tip: If BTC stalls near resistance but lacks follow-through, consider a smaller initial entry and scale in only if bearish momentum builds. Patience pays!
DYOR No Financial advice!