Bitcoin is close to rebounding to my target, preparing to set up two short positions.
Entry: Around 106800
Confidence level: Medium
Leverage: 10x
Position: 10%
Take profit: Level 1: Around 105800 (conservative) Level 2: Around 104600
Stop loss: Slightly above 108500
Reason: The last major drop rebounded to 106800, which is a point of reference; another resistance is around 107500.
Note: Do not place orders at round numbers, as they are hard to fill. It's easier to execute orders a bit below the resistance zone or a bit above the support level. Currently, due to false breakdowns and false breakouts, we will set our stop loss a bit higher to prevent such situations and adjust our risk-reward ratio to significantly increase the probability of winning trades.