$BTC Alert: Time to Consider Shorting?
Hey Binance Square fam! ๐
Bitcoin (BTC) is currently trading near $108,000 and has been testing the resistance zone around $110,000 multiple times. With momentum showing signs of slowing, a short-term pullback could be on the cards. Here's a potential short strategy to consider:
๐น Entry Zone: $109,500 โ $110,500
๐น Take Profit Targets: $107,000 and $105,500
๐น Stop Loss: Above $111,200
This approach is designed to catch a potential rejection at resistance, assuming BTC fails to break out with strength.
๐ Disclaimer: This isnโt financial advice. Always DYOR and manage your risk accordingly.
Good luck and happy trading! ๐๐
