Trading Strategy š
Since the chart is showing a strong bearish trend, your strategy should depend on whether you want to trade:
Short (Sell) for more downside
Long (Buy) if a reversal happens
š Bearish Strategy (Short Trade - Trend Continuation)
š¹ Entry:
If price breaks below 94,500 with high volume, enter a short position.
Wait for a small bounce back to 95,000 - 96,000 and enter there for a better risk-reward ratio.
š¹ Stop Loss:
Place at 97,000 - 98,000 (above the previous resistance).
š¹ Take Profit Targets:
92,000 (First TP)
90,000 (Major support)
š” Why?
The trend is clearly down.
Moving averages confirm bearish momentum.
Price is making lower highs & lower lows (downtrend structure).
š Bullish Strategy (Long Trade - Reversal Play)
š¹ Entry:
ONLY if price bounces from 94,500 and forms a bullish confirmation (e.g., green candle with strong volume).
Wait for a break above 97,000 - 98,000 for safer confirmation.
š¹ Stop Loss:
Place below 93,500 (to protect against further downside).
š¹ Take Profit Targets:
100,000 (First TP - psychological level)
103,000 - 104,000 (Major resistance)
š” Why?
If the price holds 94,500 and makes a higher low, it may trigger a bounce.
Risk is lower if confirmation occurs.
Final Thoughts & Tips
ā
Shorting has a higher probability of success in this trend.
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Use tight stop losses because crypto is volatile.
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Watch Bitcoin (BTC) movement, as it impacts the entire market.
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Volume mattersāif selling volume is high, expect further downside.
#BtcSignals $USUAL