$BTC Candlestick Pattern Analysis (BTC/USDT, 15m Timeframe) ๐
A Bearish Engulfing pattern ๐ป formed at the recent high of ~$104,976.25, followed by a strong bearish candle ๐, signaling potential further downside momentum.
Trade Setup ๐จ
Entry: $102,900 (current market price) ๐ฏ
Stop Loss: $103,600 (above resistance & EMA confluence) ๐
Take Profit: $101,600 (near recent swing low & support zone) ๐ฐ
Risk-to-Reward Ratio: ~1.75 โ๏ธ
Bearish Reversal Signal! ๐จ
$BTC /USDT flashed a Bearish Engulfing on the 15-minute chart ๐๐ป, hinting at downward pressure.
Entry: $102,900 ๐ฏ
Stop Loss: $103,600 ๐
Take Profit: $101,600 ๐ต
Stay alertโvolatility looms! โก
