SHORT TRADE SIGNAL ā $BTC short trade signal š¦
/USDT SHOWING REVERSAL FROM LOCAL TOP!
After briefly breaking above the $110,000 level and printing a local high of $110,530, Bitcoin is showing signs of exhaustion on the 15-minute chart. The price has rejected from the highs, forming a lower high pattern with weakening bullish momentum and a strong red candle closing below $110,000 ā signaling potential downside pressure.
Trade Setup (SHORT):
Entry Price: $109,800 ā $110,200
Target 1: $108,690
Target 2: $108,000
Target 3: $107,360
Stop Loss: $110,650
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Why Short?
BTC surged sharply but failed to sustain above $110,500. The volume spike during the breakout was followed by declining buying pressure. The latest candles are forming lower highs and lower lows, with sellers reclaiming $110K. If the $109,500 level fails to hold, it could accelerate toward previous support zones.
Risk Management Tip:
Always adjust your stop loss once TP1 is hit. Lock in profits progressively. Avoid entering mid-drop ā wait for a retest near the entry zone.
buy and trade here on $BTC
