🚨#BTCUSDT : Oversold Bounce or Bearish Continuation? Key Entries Here!
Analysis & Trade Setup
🔥 KEY OBSERVATIONS
1. Bearish Momentum:
- Price: $104,726 (-0.64%), below Bollinger Middle Band (105,188.5).
- 24h Range: 104,175.5 - 106,009.6 (testing lows).
- OBV (-23,356) confirms selling pressure.
2. Oversold Indicators:
- StochRSI (11.6) & Williams %R (-79.4) → Extreme oversold (bounce likely soon).
- RSI(6) at 42.0 (neutral but leaning oversold).
3. Sentiment Shift:
- Long/Short Ratio: 1.09 (Longs dominate, but weakening).
- Basis: -43.32 (futures traders hedging downside).
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🎯 TRADE STRATEGY
✅ BEARISH ENTRY (70% Probability):
- Entry: Break below 104,175 (24h low).
- Targets: 103,500 → 103,000 (Bollinger Lower Band: 103,967).
- Stop Loss: 105,200 (above Middle Band).
🟢 BULLISH BOUNCE (30% Probability):
- Entry: Hold above 104,500 + bullish reversal candle.
- Target: 105,800 (Middle Band resistance).
- Stop Loss: 104,000.
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📊 RISK MANAGEMENT
- Leverage: ≤ 5x (volatility warning!).
- Position Size: 2-3% of capital.
- Confidence: Strong bearish bias until price reclaims 105,200.
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#BTC #BearishAlert #OversoldBounce #BinanceTrading
Disclaimer: Trade based on your risk appetite. Monitor Bollinger Bands & volume for confirmation
